Bank of England

According to Nationwide, the largest British building society, the seasonally adjusted housing price index revealed that prices remained stagnant in September, following a 0.8% decrease in August.

The decision to hold the rate comes after figures revealed an unexpected slowdown in inflation in August.

Whilst Whitehall says the slight drop in inflation month-on-month means its policies are working, the UK still has one of the highest inflation rates in the G20.

Liz Truss has vehemently defended the policies she tried to enact during her short time as prime minister. Mark Carney also criticised "far-right populists" and Brexiteers for having a "basic misunderstanding of what drives economies".

Initial GDP figures for July show a fall of 0.5 per cent, a worse performance than expected by economists, increasing the fears of a "mild recession".

The abrupt increase in mortgage rates in recent months has been a response to the Bank of England's actions, which have raised interest rates 14 times since December 2021.

UK small businesses are postponing their investment plans as they grapple with inflationary pressures and higher interest rates in line with fiscal policy.

New research from Mind has revealed the detrimental impact that soaring mortgage costs are having on people's mental health, as well as their finances.

The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.

UK house prices grew slightly in June but fell at the fastest rate since 2009, impacted by soaring mortgage costs, with two-year fixed-rate mortgage rates climbing past six per cent.

Apart from global factors, UK policy decisions have exacerbated inflation – whether post-pandemic public spending or the slow pace of interest rate hikes.

The Bank of England is expected today to raise the interest rate for the 13th time in a row, despite recent forecasts of an improving economic outlook.

A reported 1.3 million UK households with mortgages were already expecting increased costs at the start of the year. The latest data means there is more pain yet to come.

UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow the rising cost of living, increasing the Bank's base rate from 4.25 to 4.5 per cent.

Food inflation has risen by 15 per cent in a year, as prices in Britain's shops reach unprecedented levels. Experts say retailers must focus on their price differentiation strategy as consumers' purse strings "continue to feel the squeeze".

As worker shortages plague the UK economy amidst a cost of living crisis, new research shows good communication is key to talent retention.

The Bank of England and the US Federal Reserve have claimed the safety and strength of banking systems ahead of key decisions on interest rates.

Declining cash usage fuels current Bank of England and HM Treasury consultation on a new 'digital pound' before the end of this decade.

Latest figures from the ONS reveal zero GDP growth in Q4 2022. A labour shortage is part of the problem, with the Chancellor urging people to return to work.

A leading business finance expert has claimed that the latest increase in interest rates is 'bad news' for many businesses.

Queen Elizabeth II died at the age of 96 on September 8th. Several things associated with her reign will need to be changed.

Leaving the European Union without a divorce deal could plunge Britain into its deepest recession in nearly a century, the Bank of England warned Wednesday.

Financial and trade connections with the rest of the world will help Britain's economy stay strong, according to Philip Hammond and Mark Carney.

Slowdown had been expected in light of winter weather but the scale of the decline was a surprise and prompted a sharp fall in the value of the pound

The Office for National Statistics says that average weekly earnings in the three months to February rose 2.8 percent

The BoE chief said it is time for cryptocurrencies to meet the same level of regulation as the rest of the financial system.

BoE Deputy Governor Ben Broadbent calms frayed nerves following a volatile week on the stock markets.

Multi-million-pound firms are, like Uber and Deliveroo, are offloading business risk onto some of the poorest people in Britain.

Clare Lombardelli has become the first woman to be appointed chief economist to the UK Treasury.

Bank of England set to allow European banks to operate in Britain through their own branches rather than by setting up subsidiaries.