The Latest Breaking News from Bank of England

Improved affordability of mortgages helps, but rates on mortgages are creeping higher into the Budget next week

Huw Pill needs to see more compelling evidence that the underlying persistent component of UK CPI inflation is being squeezed

People in the UK can get their first glimpse on Wednesday of banknotes bearing King Charles III's image.

More ‘doom and gloom’ for borrowers ahead of Chancellor Jeremy Hunt’s budget next week

The iPhone 17 and iPhone 17 Plus will have always-on displays with 120Hz ProMotion support according to a new supply chain report.

Rolling coverage of the latest economic and financial news, as ING warn the pound could fall by 2% if chancellor misreads the mood of bond investors

Bank of England says any machine that handles UK banknotes must be updated to accept the new designs

While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

Britain’s economy is already showing “distinct signs of an upturn” after slipping into recession at the end of last year, the Bank of England’s governor said on Tuesday.