The Latest Breaking News from Bank of England

The Bank of England increased the base rate to 3%

Chancellor of the Exchequer Jeremy Hunt has hit back at Tory critics of his £24 billion of tax rises (PA)

Mortgage rates jumped following the mini-budget and recent Bank of England base rate hikes are also pushing up borrowing costs.

Average five-year fixed mortgage rate has dropped below 6% for the first time in seven weeks, as OECD cuts growth forecasts

Government urged to ‘clean up their mess’ as bills to soar in wake of Truss mini-Budget

We’ve always known that politicians promise too much and deliver too little. But the gap between promises and delivery is a lot wider than it once was. It’s not so much that politicians have become more foolish over time (although, in some cases, that might well be true). It’s that…

New research from the Liberal Democrats calculate that someone with an outstanding mortgage of £236,000 would see their monthly interest payments double from £236 to £474

Business rates revaluation likely to hit hospitals and colleges, while big banks and department stores such as Harrods benefit

Spending cuts announced in the autumn statement have been widely dubbed “Austerity 2.0”

More to be asked to meet a ‘work coach’ but experts point to jump in long-term sickness due to gaps in public services

Experts feel the property market has been 'ignored' in the Chancellor's statement despite the mortgage turmoil that has occurred since the mini budget