The Latest Breaking News from Bank of England

Veteran mortgage broker says he has not seen market move in such a way since 2008 financial crisis

Kwasi Kwarteng will step up efforts to reassure the City about his economic plans on Wednesday after the International Monetary Fund (IMF) criticised the measures and the Bank of England signalled sharp interest rate rises could be on the way. The Chancellor will meet investment banks following days of turmoil…

Chancellor Kwasi Kwarteng spooked markets this week after delivering his Mini-Budget, with the pound plunging to an all-time low against the US dollar and mortgage deals being pulled

THERE is international pressure on Chancellor Kwasi Kwarteng to change course following his mini budget announcement.

Labour leader says his own mortgage payments have gone up by ‘few hundred pounds’ a month

Sterling was trading at $1.073 on Wednesday afternoon, improving from $1.066 at 2pm

Bank’s emergency move brings relief to bond market, but fails to stabilise UK currency

Tory MP slams ‘inept madness’ in Chancellor’s mini-Budget - but Treasury minister rejects calls for U-turn

Huw Pill warned borrowers to brace themselves for a “significant” rate hike after lenders Santander and HSBC, along with the Nationwide and Yorkshire building societies, joined a rush of lenders to pull home loans or up their rates