The Bank of England's Monetary Policy Committee votes 7-2 to maintain the base rate at a 16-year high of 5.25%, offering a cautious reprieve for borrowers while continuing its fight against persistent inflation.
Hundreds of thousands of homeowners face steep payment hikes as low-interest deals end, with many seeing repayments double amid cost-of-living pressures.
The FTSE 100 suffered its worst day in two months as stubbornly high UK inflation data crushed hopes of a near-term interest rate reprieve, sending shockwaves through the mortgage market.
New ONS data reveals the UK economy showed zero growth in April 2024, a significant slowdown from the 0.4% expansion in March. The services sector stalled while production fell, putting pressure on the next government.
The FTSE 100 closed lower as new data reveals a surprise fall in UK house prices, sparking concerns over the health of the property market and broader economy.
Exclusive: The Financial Conduct Authority has uncovered a major failure by UK banks to pass on interest rate rises to savers, disproportionately harming vulnerable and older customers. Discover the findings and what it means for your money.
Chancellor Rachel Reeves faces a major economic challenge as UK government borrowing costs hit a high, threatening her Budget plans and putting public finances under intense scrutiny.
UK financial markets face a severe stress test as long-term government borrowing costs surge to levels not seen since 1998. The gilt sell-off, driven by stubborn inflation data and hawkish central bank fears, triggers a flight to safety, sending gold and
The British Pound faces its steepest decline since the Brexit referendum, sparking fears of a cost-of-living crisis and urgent calls for government intervention from leading economists.
A major economic think tank, IPPR, has launched a scathing report demanding a radical overhaul of the Bank of England's mandate. The proposed reforms aim to prioritise economic growth, green investment, and regional equality, challenging the Bank's curren
A new report reveals the staggering cost of the Bank of England's quantitative easing programme, with taxpayers facing a bill of up to £200 billion, intensifying calls for a windfall tax on banks.
Former PM Liz Truss has endorsed Donald Trump's criticism of the US Federal Reserve, warning that central banks globally face a 'reckoning' for their monetary policies and political overreach.
Exclusive: New economic forecasts predict a severe cost-of-living squeeze for UK households, with inflation surging and energy prices set to skyrocket. The government faces mounting pressure to act as a winter crisis looms.
Brits face a mammoth 58-day wait for the next Bank Holiday after the late May break. Discover the exact date and how to plan for the long stretch.
Money Saving Expert Martin Lewis issues a critical warning to homeowners and loan holders, advising them to check their finances now ahead of a major Bank of England decision that could save or cost them thousands.
Bank of England Governor Andrew Bailey declares that UK unemployment must increase to tackle persistent inflation, signalling continued economic pain for households amidst a cooling labour market.
Plan your year ahead! Here is the full, confirmed list of 2025 bank holidays for England, Wales, Scotland, and Northern Ireland, including key dates for your diary.
Federal Reserve Chair Jerome Powell holds interest rates at a 23-year high, projecting a more cautious single cut in 2024 as US inflation proves persistent. Markets react to the hawkish stance.
In a major boost for the UK economy, a key business survey reveals the fastest growth in private sector output in nine months. Driven by strong demand in the dominant services sector, the S&P Global/CIPS flash PMI surged to 53.3, signalling robust expansi
Exclusive analysis reveals how the UK's rigid fiscal framework, designed for stability, is now actively hindering economic recovery, suppressing growth, and exacerbating the cost-of-living crisis. Experts warn the Treasury's orthodoxy is no longer fit for
In a dramatic shift, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years. This sharp fall from April's 2.3% fuels intense speculation about an imminent interest rate cut, offering relief to millions of households.
In a dramatic shift, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years. Discover how falling energy prices are putting money back in your pocket and what it means for interest rates.
UK inflation unexpectedly jumped to 2.3% in July, dashing hopes for an August interest rate cut. Soaring air fares and rising clothing costs are blamed, putting the Bank of England's next move under intense scrutiny.
New data reveals a sharp rise in UK inflation, driven by escalating food and energy costs. The ongoing conflict in Ukraine continues to disrupt global supply chains, pushing prices higher and intensifying the cost of living crisis for British families.
In a fresh blow to household budgets, UK inflation rose to 2.5% in April, driven by soaring energy bills and stubborn service costs. The surprise jump dashes hopes for an imminent Bank of England interest rate cut, prolonging the cost-of-living squeeze fo
The UK economy showed zero growth in April, dashing hopes of a sustained recovery and piling pressure on the government and Bank of England ahead of crucial summer decisions.
UK inflation falls to 3.4%, its lowest in over two years, easing pressure on the Bank of England. Experts weigh in on what this means for interest rates and household budgets.
Housebuilder Persimmon reports a sharp drop in profits amid rising mortgage costs and economic uncertainty, as the Bank of England tightens monetary policy.
The Bank of England keeps interest rates steady amid cautious optimism over GDP growth, while Barclays faces scrutiny over financial practices.
The Bank of England's Monetary Policy Committee has voted to keep interest rates unchanged at 5.25%, as inflation remains stubbornly high. Governor Andrew Bailey signals caution despite economic pressures.