The Latest Breaking News from Bank of England

But Governor Andrew Bailey says rates could rise again if inflationary pressures become embedded

Bank of England governor Andrew Bailey said inflation is ‘much too high’ despite recent easing in the cost of living.

The Treasury Committee is asking major banks for a breakdown of the revenue and profits generated from their savings products.

Around 39,600 mortgages were approved for house purchase in January, marking the fifth month in a row of dips, according to the Bank of England.

UK house prices fall year-on-year for first time since June 2020; consumer credit doubles as people borrow more on credit cards amid cost of living crisis

New technologies could make ‘micropayments’ easier or enable people to programme money so it can only be used in certain ways, Sir Jon Cunliffe said.

From rail fare rises to changes to Help to Buy the upcoming changes could make a big differences to your finances

Tax and spending watchdog says pay rises would not cause inflation

Ditching fuel duty freeze could pay for more generous settlement, suggests think tank

There are plenty of announcements in March which could have wide-ranging repercussions on household budgets

For those of a certain maturity, the Nineties offered mixed messages. The overthrow of Margaret Thatcher, the ERM debacle and the humiliation by elements in his own party of John Major were all associated with enduring economic misery. The arrival in 1997 of Tony Blair and Gordon Brown, the independence…