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The Latest Breaking News from The Bank of England

Inflation jumps to 10-month high, knocking chance of early interest rate cut

Consumer Prices Index (CPI) inflation rose to 3% in January from 2.5% in December.

The Independent UK

Why has inflation increased and what does it mean for households?

Inflation struck its highest level since March last year in January, according to official data.

Evening Standard

Sub-4% mortgage rates ‘may be first to go’ following unexpected inflation jump

Annual house price growth accelerated to 4.6% in December, but some experts said inflation figures released on Wednesday could affect mortgage rates.

Evening Standard

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Rachel Reeves accused of being 'out of her depth' as inflation jumps to three per cent

Stubborn inflation will make it harder for the Bank of England to cut rates

Evening Standard

UK inflation spikes to a 10-month high, likely to worry the Bank of England

Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England

The Independent UK

FTSE 100 treads water after Andrew Bailey’s ‘weak growth’ warning for UK

The Bank of England governor also cautioned over the impact of ‘global fragmentation’ on the world economy as markets were broadly flat.

Evening Standard

Fact check: Rachel Reeves worked for the Bank of England over five years

During her stint with the Bank, Ms Reeves spent some time on secondment to the British Embassy in Washington.

The Independent UK

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Private school fees and plane fares to drive increase in inflation

The rate of Consumer Prices Index (CPI) inflation is expected to have come in at 2.8%, according to a consensus of analysts.

Evening Standard

Bank of England chief says UK facing ‘weak growth environment’

Andrew Bailey said the world was experiencing a period of ‘heightened uncertainty’ which could have an impact on global growth.

Evening Standard

Strong wage growth gives Bank of England interest rate dilemma

Quick cuts unlikely because persistently high pay rises will probably be deemed inflationary

The Guardian - UK

Where should you save money after interest rate cut? Best savings accounts for February 2025

The Bank of England cut interest rates this month but you can still earn more than four per cent on your savings

The Independent UK

UK savers urged to ‘act now’ and shake off their Isa apathy

With the savings ‘season’ starting early, there are many advantageous deals out there. But for how long?

The Guardian - UK

Chill of inflation threatens Britain again after Europe’s long, hard winter

Demand for fuel has pushed gas prices up – but peace in Ukraine could flood the market and change everything

The Guardian - UK

Rachel Reeves says ‘no one raised concerns’ about her expenses at HBOS

Science secretary calls BBC’s reporting ‘totally inaccurate’ after claim chancellor was investigated by former employer

The Guardian - UK

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Evening Standard

OPINION - Rachel Reeves goes to show how the dull can be dodgy

The allegations that the Chancellor enhanced her CV and was investigated for her expenses at HBOS detract from the Government’s credibility

The Independent UK

Rachel Reeves says she was ‘never questioned’ over her banking expenses

Chancellor responds to BBC report about her use of company card

The Independent UK

Why are U.S. banks flying gold from London to New York?

About 8,000 gold bars have been moved out of the Bank of England’s vaults in recent months

Evening Standard

Rachel Reeves faces growing questions over her banking expenses and CV

‘There’s still questions to be asked,’ says Dame Siobhain McDonagh amid doubts being raised over an expenses probe

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The Guardian - UK

Rachel Reeves accused of ‘cavalier attitude’ to expenses during banking career

Chancellor and PM insist there was no wrongdoing after claims she was investigated for alleged misuse of expenses

The National (Scotland)

Rachel Reeves caught lying on CV AGAIN about jobs at Bank of England and Halifax

CHANCELLOR Rachel Reeves lied about the amount of time she spent working for both the Bank of England and the Halifax Bank of Scotland (HBOS) ...

Evening Standard

Starmer backs Reeves amid scrutiny of CV changes and banking career expenses

Sir Keir Starmer believes the Chancellor can be trusted and has no concerns about her conduct, Number 10 said.

Latin Times

UK Economy Picks Up Ahead Of US Tariff Risks

Gross domestic product expanded 0.1 percent in the October-December period after zero growth in the third quarter of 2024, the Office for National Statistics (ONS) said in a statement.

Evening Standard

What’s behind the UK’s unexpected return to growth?

The ONS said gross domestic product edged 0.1% higher between October and December after zero growth in the previous three months.

Evening Standard

Rachel Reeves comes under fire for retail banking career expenses and CV changes

The Chancellor’s use of expenses during her time working for HBOS were reportedly subject to an internal investigation, the BBC reported.

The Independent UK

Rachel Reeves ‘investigated over expenses’ while working at bank

It comes as it emerged the chancellor worked at the Bank of England for nine months less than her LinkedIn profile claimed

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