The Latest Breaking News from Bank of England

How many times, dear reader, over the last few months, in conversations with friends and colleagues, over dinner or coffee, have you discussed how depressing the UK is right now? I had this very conversation with a Spanish friend of mine yesterday, who cannot wait to escape London for Madrid…

Interest rates are no longer expected to rise as high as feared this year, a Bank of England chief said on Friday.

Energy giants are reaping the benefits of high energy prices. Shell followed ExxonMobil in doubling its annual profit for 2022 to nearly $40 billion, the highest in its 115-year history. It's sparked outrage among climate activists and those calling for higher taxes as households struggle with high energy bills. Also…

The Bank of England hiked rates to 4% on Thursday

The International Monetary Fund (IMF) has produced another dismal forecast for the UK economy. The IMF expects it to contract by 0.6% in 2023, whereas all other major economies are expected to grow – including sanctions-hit Russia. Meanwhile the Bank of England expects the UK economy will be no larger…

Hints by Bank of England that rates may have peaked leaves those remortgaging in a quandary

Lord King of Lothbury stresses the need to be selective and ‘not driven by a misplaced enthusiasm for all things crypto’.

The Bank of England has now raised interest rates to 4 percent - the highest rate in 14 years

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.