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Downing Street also criticised the comments from the Bank of England governor

What is Andrew Bailey playing at?

For more than 30 years, the European Bank for Reconstruction and Development (EBRD) has been investing in countries in Central and Eastern Europe. It's since expanded into the Middle East, Central Asia and North Africa and has plans to move into Sub-Saharan Africa too. The EBRD's President Odile Renaud-Basso discussed…

The hike in base rate means higher payments for homeowners and people with loans, but greater payouts for savers - though savings rates are still nowhere near beating super-high rates of inflation

"For anyone who must buy now, try to do so as soon as possible before rates go even higher"

The Bank of England now expects GDP to grow by 3.75% this year, not 5%, putting at risk the Prime Minister’s claim that the UK is the fastest growing G7 economy

The income of all UK homes is being squeezed by rocketing energy bills and other household costs rising, and the worst is yet to come as power prices go up in April

The energy price cap and interest rates are set to rise

2022 squeeze will be worse than after financial crisis of 2008 and will hit growth and household spending