The Latest Breaking News from Bank of England

THE number of mortgage approvals plummeted by more than a fifth in July compared to the same month last year as soaring interest rates take their…

Rolling live news coverage of business, economics and financial markets as disruption to UK air travel continues into third day

A new report says that Apple is testing advanced displays for future models of the Vision Pro headset.

AN ex-Labour MP has accused the party of tailoring policy to the English middle class and “abandoning everything they’ve ever stood for” in a…

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From chip shops to tech start-ups, and even large, well-established companies, rising interest rates have had an impact right across the business world. After 14 consecutive base rate hikes by the Bank of England since 2021, this is causing particular problems for companies with a lot of debt.

Voters are more likely to believe the Bank of England is responsible for bringing price hikes back under control, a poll found

Markets expect rates to peak at 6% or 6.25%, which is higher than they expected last week, but Halifax still cut its prices

Slowdown in price rises comes as somewhat of a relief to families struggling amidst cost of living crisis

Overall rate of inflation falls but costs are still increasing in some sectors, so another interest rate rise looks likely

The news will almost certainly encourage the Bank of England to raise interest rates even further