The Latest Breaking News from Bank of England

UK chancellor Jeremy Hunt laid out his plans for the British economy today. The statement was made against a backdrop of a more than 40-year inflation high and recession warnings from the Bank of England.

The pound fell 0.9 per cent as the chancellor delivered the long-awaited Autumn Statement

Chancellor Jeremy Hunt delivers Autumn Statement to Parliament laying out package of tax rises worth £24bn and spending cuts of £30bn to plug massive public funding black hole

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…

Energy bills drive inflation to 41-year high

Inflation is used to show how much the prices of everyday goods and services have increased over time - when it increases, it means the cost of living is becoming more expensive

Editorial: Policymakers are wrong to think rising joblessness and a recession are a price worth paying

The annual report from the North East LEP has been released alongside national figures on unemployment

Climate-related stress tests for banks need to better capture the indirect fallout of climate change on lenders and the wider global economy, the G20's Financial Stability Board said on Tuesday.

The chancellor insists Britain has to ‘live within its means’ – but many economists say painful cuts are neither inevitable nor proven to work