The Latest Breaking News from Bank of England

LONDON: The pound extended gains after Liz Truss announced she was resigning as UK prime minister, capping weeks of speculation on the future of her premiership since her initial fiscal policy drove markets into turmoil.

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

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…

Editorial: Instead of cutting public services, the Treasury should tax the windfall profits of the banking sector

Deputy governor Sir Jon Cunliffe says Bank did not have usual briefing the night before mini-budget

Prices of food and energy have been blamed for the latest increase, but how does inflation affect your money?

The early signs are that the financial markets have been appeased by the government’s October 17 decision to reverse two-thirds of its September mini-budget tax cuts.

Bank would have warned of any a threat to ‘financial stability’ – but was in the dark about tax cuts to be unleashed

People with less than a year left to run on their mortgage could be particularly vulnerable to making big spending cuts, according to YouGov.