The Latest Breaking News from The Bank of England

It’s been more than a year since the UK economy was thrown into crisis after then-prime minister Liz Truss suggested making a wealth of unfunded tax cuts in her September 2022 mini-budget. But a recent bond market sell-off has now sent borrowing costs rocketing again, pushing the bond market even…

London has seen the biggest fall in house prices in cash terms of any UK region

High mortgage costs result in sixth straight month of sellers being forced to reduce prices, says Halifax

Rolling coverage of the latest economic and financial news, as US non-farm payroll shows surge in hiring last month

Despite recent house price falls,the average property value remains more than £39,000 above pre-pandemic levels, Halifax said.

Inflation expectations have pushed up government’s long-term cost of borrowing, which is expected to slow economy

John Lewis chair Sharon White will not seek second term at retailer, as Nationwide reports UK house prices fell 5.3% in year to September

Buyers under 29 choosing at least 35-year repayment terms to bridge gap between rising living costs and high asking prices, says Experian

Exclusive: Author and broadcaster recalled fond memories of the late monarch during a talk at Henley Literary Festival

Net approvals for remortgaging fell to the lowest level since 2012, the Bank of England said.

The average interest rate paid on new mortgages, which had only been edging up even as lenders rapidly increased prices, rose by jumped to 4.82%