The Latest Breaking News from The Bank of England

Next month will see a few different changes happening in terms of money, so here's a list of everything you should be aware of.

The Bank of England will make an interest rate announcement and the latest inflation rate will be released

UK government debt prices have taken an unnerving journey south in the past few days. The closely watched ten-year bond has now hit a yield of 4.3%, taking it within a fraction of the level that caused a crisis in autumn 2022.

Britain’s biggest building society Nationwide raised its mortgage rates on Friday

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation

City comment: At least the Bank’s old approach was consistent

It is not something you hear a Chancellor say every day, not least 12 to 18 months out from a general election. Asked if he was “comfortable with the Bank of England doing whatever it takes to bring down inflation, even if that potentially would precipitate a recession”, Jeremy Hunt…

The Bank of England has hiked interest rates repeatedly to tackle inflation - in a hit to mortgage payers - and experts have warned they could raise them higher than the current 4.5% next month

Chancellor will back Bank of England’s decisions because ‘inflation is a source of instability’