The Latest Breaking News from Bank of England

The chancellor will accelerate the publication of his medium-term fiscal plan later this month, according to reports

Tactless jokes and half-arsed platitudes made up chancellor’s vapid Tory conference speech

The pound has recovered from a recent record dip after the chancellor’s mini-budget announcement. But it is still at low levels versus many other currencies.

It was a mini-budget with a major impact. Shortly after the UK chancellor announced his plans for a “new era” full of tax cuts, there were dramatic falls in the pound, a nervous response from mortgage lenders and an urgent intervention from the Bank of England.

When long-dated UK government bonds fell sharply following the consistent criticism of the new economic measures laid out by the UK government, it forced the Bank of England to intervene to prevent an “unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy”.

Kwasi Kwarteng and Liz Truss will be hoping move reverses some of effects of mini-budget

Borrowing costs at their highest level in 14 years

UK inflation fell this week as fuel prices dropped

Quarterly business report from chamber of commerce says the proportion of firms experiencing an increase in domestic sales fell by seven per cent