The Latest Breaking News from Bank of England

Bank of England’s Huw Pill warns ‘further work needs to be done’ after recent base rate rises

Inflation rates have become almost impossible to ignore. In the UK, inflation has soared in recent months, now reaching 9% – the highest rate for 40 years. The Bank of England expects it to rise to 10% this year and for the economy to slow down.

Deputy prime minister Dominic Raab says support is already in place

Welshman Huw Pill was speaking at an ACCA Wales event in Cardiff

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?

The UK local elections in May saw gains for nationalists in Scotland and Northern Ireland, raising the prospect of increased debates over the future make-up of the country. In Scotland, First Minister Nicola Sturgeon, is hoping to hold a second independence referendum in 2023.

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

BoE’s Huw Pill says MPC faces its biggest challenge in 25 years, and indicates further monetary tightening needed to avoid wage-price spiral

Arla Foods' chief commercial officer Peter Giortz-Carlson said farmers are struggling with the price of packaging and feed for animals, and this will have to be passed on to shoppers

The rate of inflation has now reached a 40-year high of 9%.

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?