The Latest Breaking News from Bank of England

Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boost

Bloomberg estimates Bank made profit of £3.5bn after intervening to prevent run on pension funds

This is the fifth instalment in our series on where the global economy is heading in 2023. It follows recent articles on inflation, energy, food and the cost of living.

Rising interest rates mean savers could be making a decent return for the first time in year

Chief economist says risks remain despite fall in wholesale energy prices and UK on brink of recession

More than 1.4 million households could be affected this year

Rates rises mean people who bagged low-interest deals a few years ago are now in for a shock

Wealthy, older people who own home outright will avoid higher costs and benefit from better return on savings

A report set to be considered by councillors lays out the stark position

The rising cost of living is biting businesses and households around the world. Editors from across The Conversation’s international network have asked local academic experts to explain how their countries and regions are tackling this issue, as well as the 2023 outlook for prices and interest rates where they live.

All the important dates for increases to wages, benefits, pensions, cost of living payments and more