Rolling coverage of the latest economic and financial news. Bank of England hearing: What we learned 14:14 Here are the key points from today’s session with top Bank of England officials ...

Chancellor Rachel Reeves welcomes the cut, but says she is "under no illusion about the scale of the challenge facing ...

The current full state pension is £221.20 a week, ... the UK’s inflation rate has fallen from a high of 11.1% in October 2022 to 3.2% in March 2024. The figure for April will be released on 22 May.

Bank of England policymaker Catherine Mann said the central bank should keep interest rates on hold until upside risks to ...

GBP/USD tapped multi-month lows at the 1.2600 handle last Friday, in a complete reversal of the pair’s multi-year highs set in September of this year. The pair shed 6.25% top-to-bottom from ...

There are fears this could lead to price rises for consumers, which in turn, could spark an increase in inflation ... to your ...

The Bank’s Monetary Policy Committee (MPC) have cut its base interest rate for the second time this year - taking it from 5% ...

Reeves' changes won't come into effect until April, so what is the current state of food inflation in the UK? In contrast to ...

The Bank of England moves rates up and down in order to control UK inflation - which is the increase ... or cut them. The current Bank rate is 4.75%, after many months at 5.25% - which was the ...

will announce a Bank Rate cut at its next announcement on 20 June, with the expectation that it will fall from its current 15-year high of 5.25% to 5.00%. In the UK, consumer inflation stood at 2. ...