The Latest Breaking News from Bank of England

He was answering questions from viewers

Tory leader resigned following 45 chaotic days

Rishi Sunak will become Britain's first prime minister of colour on Tuesday after he won the race to lead the Conservative Party.

In jittery global markets, unseen risks can cause economic and political turmoil

The Prime Minister announced her resignation on Thursday afternoon during a short statement in Downing Street.

Key moments in the 45 days between Truss becoming prime minister and announcing her departure

Ben Broadbent says increase already priced into markets would deliver ‘pretty material’ hit to economy

Whether it was sexism that brought her down, her inexperience and overconfidence, her party's unravelling, or a combination of all three, Liz Truss plunged over the glass cliff with breathtaking speed.

Truss, heavily criticised for her economic agenda, to leave Downing Street just weeks after being appointed.

Watchdog says size of fine reflects length of time taken at the firm to address its concerns

Inflation in the UK has spiked back to its 40-year high of 10.1% as households and businesses continue to struggle with soaring food and energy prices. The data come "despite the Bank of England trying to turn down the heat on this bubbling pot of prices", says Susannah Streeter, Senior…