The Latest Breaking News from Bank of England

Recent changes in the UK’s top job have had a positive effect on pound sterling and long-term sovereign bond yields. But the financial market reaction has been muted compared with the financial turmoil blamed on former prime minister Liz Truss and ex-chancellor Kwasi Kwarteng in recent weeks.

Bank records quarterly profits above $3.2bn estimated as interest rates rise on back of higher borrowing costs

Cross-party committee to examine problems faced by funds that led to £65bn Bank of England intervention

The former chancellor has won the Tory leadership contest, just weeks after losing out to Liz Truss

MSE boss Martin Lewis has warned that people with mortgages face a 'triple threat' of more financial hardship if experts are correct and interest rates rise above 5% next year

Since entering the contest to be British prime minister, frontrunner Rishi Sunak has said little publicly about how he intends to run the country and how he would address multiple economic and political crises.

The former governor of the Bank of England Lord King has warned that Britons could face years of financial hardship

Too much wealth depends on values bloated by an oversized financial sector, says Fran Boait of campaign group Positive Money

Former Bank of England governor says politicians must be clear that taxes and mortgage rates will rise