The Latest Breaking News from The Bank of England

In a significant step towards reforming Australia’s Reserve Bank, Treasurer Jim Chalmers has stepped outside the bank and outside of Australia to select Andrew Hauser, a British economist, as its new deputy governor.

The governor of the Bank of England offered a scathing assessment of Britain’s future, saying interest rates will remain at 15-year highs and the rate at which inflation is falling will slow markedly this month

Might interest rates begin to fall soon? With inflation dropping below five per cent and the UK economy flirting with recession, it's the question everyone from the prime minister to first-time buyers is asking. But this morning, the Governor of the Bank of England poured cold sick all over the…

Rare appointment of outsider Andrew Hauser to senior position comes after review found bank should encourage ‘diverse viewpoints’

Report says lack of ‘intellectual diversity’ at senior level and too wide a range of priorities led to errors and fall in public confidence

The report recommended that ‘the Bank’s remit should be pruned by HM Treasury’.

National insurance cut risks Bank of England being more ‘hawkish’ in battle against inflation

Having met his pledge to halve inflation by the end of the year — albeit thanks to the Bank of England — Rishi Sunak has confirmed that tax cuts will be in tomorrow’s Autumn Statement. Much of the focus is likely to fall on business taxation in the face of…

Jeremy Hunt should increase taxes on rich to help fund public services for all, says Patriotic Millionaires UK

Welfare reforms will include more support to help people find work and a tougher sanctions regime for the work-shy

Research shows: 10 country study has UK banks among the worst