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.
The Bank of England has pushed interest rates up by their biggest jump in 27 years, predicting further rampant inflation and a coming economic recession, and analysts think there are...
The Bank of England's Monetary Policy Committee has hinted that further interest rate rises are on the horizon, after it hiked borrowing rates for the fourth consecutive meeting.
The Bank of England is set for only modest interest rate tightening in the coming months to deal with high inflation fuelled by supply chain backlogs, according to a senior official.
Local authorities in the UK borrowed just £130m from the Public Works Loan Board in January, as the cost of borrowing leapt following December's Bank of England interest rate rise.
The Bank of England is widely expected to increase interest rates for the second time in two months this week as it continues to try to get inflation under control.