Record high inflation after the pandemic triggered the standard response of interest rate rises by the Bank of England, but with limited effectiveness and disastrous consequences for the general...
The Bank of England faces calls to cut inflation at its next Monetary Policy Committee meeting after inflation was found to be at its target rate for the second consecutive month.
Inflation coming down to the Bank of England’s target was not enough for the Monetary Policy Committee to begin cutting interest rates, which still sit at a 16-year high and have been blamed for...
Inflation has continued to fall according to the latest Office for National Statistics data, adding to the pressure on the Bank of England to cut rates at its next meeting.
Three public bodies held more than £3.4bn worth of contracts with Fujitsu following a 2019 High Court ruling, with more than a third approved after a judge found that the Post Office Horizon system...
The Bank of England selling public debt could leave the government open to up to £130bn of losses, MPs have said, arguing policymakers “took a leap in the dark”.
The shadow chancellor has set out the potential next government’s spending agenda, and shown off an endorsement from a former Bank of England governor.
Liz Truss has criticised the role of institutions and blamed the “anti-growth coalition” for failing to implement her tax-cutting agenda during her short stint as prime minister last year.
Interest rates are set to stay higher for longer, the Bank of England has said as it announced another hike in its base rate – this time from 5% to 5.25%.
Persistent inflation has led to the Bank of England raising its bank rate for the twelfth time in a row, but commentators have warned that the economy could suffer as a result.
The Bank of England’s decision to raise interest rates at an eleventh consecutive Monetary Policy Committee meeting shows it is less focused on financial stability risks than fighting inflation at...
Inflation being predicted to fall sharply this year was not enough to keep the Bank of England from raising interest rates for the tenth consecutive meeting of its Monetary Policy Committee.
The Bank of England has put its bank rate up to 3.5% – the highest it has been since 2008 – in a bid to reduce inflation, which has already begun to fall.
The largest interest rate hike from the Bank of England in 33 years has prompted warnings of financial misery for households, particularly the poorest, and the bank itself has predicted the UK will...
An attempt to calm the market reaction to the government’s tax cut announcements illustrates the “bind” facing the Bank of England, an analyst has said, as the central bank commits to buying UK...
The Bank of England has insisted it will put interest rates up “by as much as needed” to get inflation under control, in response to market reaction to the government’s announcements last week.
UK interest rates will rise for the seventh time in quick succession as the Bank of England tries to bring inflation down, although the bank’s Monetary Policy Committee said recent government...
The pace of inflation slowed in August for the first time in nearly a year, figures from the Office for National Statistics show, but prices still rose by nearly 10% in 12 months.
