All news on the topic: Bank of England
773
UK inflation hits four-month high of 2.9% as energy bills surge
Higher energy bills drove UK inflation up to 2.9% in the year to July, the highest level in four months, according to new figures.
661
UK inflation set to jump to 2.9% as energy bills fuel fresh cost of living squeeze
Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout
515
Venezuela demands $4bn in UK-held gold to fund earthquake recovery
Venezuela is demanding $4billion in gold stashed away in the Bank of England to navigate its way out of the catastrophic earthquakes.
650
EY warns prolonged Strait of Hormuz closure could push UK into recession in 2027
Britain’s economy could be sent into a recession next year if the crucial Strait of Hormuz remains closed into 2027 amid a prolonged Iran war, according to a report.
789
Bank of England expected to hold interest rates despite renewed inflation risks
The Bank of England is expected to keep interest rates unchanged again next week, despite fresh uncertainty in the Middle East.
847
UK borrowing costs surge as oil tops $100 amid Iran conflict
UK borrowing costs soared yesterday amid a global bond market rout sparked by a surge in the oil price back above $100.
715
"There’s no money in politics if you’re straight": Why Nigel Farage’s own words are catching up with him
Nigel Farage’s finances and the associations surrounding his political projects have been under scrutiny for the best part of a decade.
608
Andy Burnham faces shrinking budget cushion as he prepares to take power
Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’.
611
Coinbase ramped up lobbying at the heart of UK government ahead of crypto rules
Coinbase has been cosying up to the ministers and mandarins behind the UK’s upcoming crypto policy – and is already reaping the rewards
637
AI deepfake adverts on X drag Bank of England chief into scam row
The Bank of England has come out fighting after AI-generated videos of Andrew Bailey in conflict with Nigel Farage emerged as paid adverts on the social media platform X.
898
Rachel Reeves accused of blowing up Britain’s economy as debt crisis fears grow
Today, we learned that Britain’s national debt is growing at a faster pace than any country in the world, except Botswana. Yet instead of taking control, Reeves wants to borrow and spend even more.
620
Bank of England drops Churchill and Turing from banknotes in favour of wildlife
The Bank of England has defended its decision to replace historical figures with wildlife on the next series of banknotes.
578
"Desks, not sun loungers": Tories attack Bank of England over overseas working policy
The Bank of England has been advised that its staff should be "working from desks, not sun loungers" after it was revealed that employees can work from abroad for up to 40 days per year.
858
Inflation drops to 2.8% but Britain braces for fresh cost-of-living pain from Iran war shock
Inflation has slowed to 2.8% in April from 3.3% in March, according to official figures from the Office for National Statistics (ONS) - as economists warn of price rises this summer.
649
UK unemployment hits 5% as youth joblessness surges and pressure mounts on chancellor
The levels of UK unemployment rose to 5% in three months to February, the latest figures from the Office for National Statistics (ONS) reveal.
689
Bank of England policymaker Catherine Mann warns overseas investors could destabilise gilt market
Catherine Mann said overseas investors are playing a ‘particularly large role’ in buying gilts.
857
Panic in Labour as MPs warn ditching Rachel Reeves risks bond market shock
Frantic Labour MPs are attempting to save Rachel Reeves from being dismissed because they fear her departure from Number 11 could trigger bond market turmoil.
759
“Calamity coming”: Reeves trapped as borrowing surges and growth stalls
The Chancellor has left the nation completely unprepared for the unfolding disaster.
582
UK growth downgraded most in G7 as energy shock from Iran war fuels inflation and job losses
The economic fallout from the Iran war will hit the UK the hardest out of all the world’s advanced economies, the International Monetary Fund (IMF) has warned.
709
Bank of London fined £2mn for misleading regulators
Fintech, where Peter Mandelson and Harvey Schwartz were board members, is given £2mn penalty by Bank of England.
983
UK households cut savings to a one-year low as higher taxes bite and spending keeps rising
British households saved less during the July-to-September period of this year as they felt the impact of higher taxes but continued to increase their spending, according to official data that confirmed a slowdown in the broader economy.
953
Bank of England cuts interest rates to 3.75% and signals further falls
The base interest rate was cut from 4% to 3.75% on Thursday, as Economics Editor Joel Hills reports.
991
Rachel Reeves insists “no recession” ahead despite Bank of England warnings
Chancellor Rachel Reeves has insisted there is "no recession" on the horizon, despite dire economic warnings from the Bank of England and the IMF.
715
Buyers and sellers hit pause as Rachel Reeves weighs new property taxes
The UK’s housing market is showing signs of slowing down amid speculation that Rachel Reeves could announce tax increases on property in next month’s budget.
790
IMF warns UK will face highest inflation in G7 as Rachel Reeves battles growing economic crisis
Rachel Reeves has faced another significant setback ahead of next month’s crucial Budget as the International Monetary Fund (IMF) warned that inflation will rise to the highest level in the G7 in 2025 and 2026.
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