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Bank of England (BoE) building seen in London

BoE torn over whether to join big rate hike club

The Bank of England must decide next week whether to join the ranks of central banks rushing out their biggest interest rate hikes in decades, or whether the warning signs of a recession mean it should tread more cautiously.
People walk through the financial district of Canary Wharf, London, Britain 28 September 2017.

Inflation surge pushes up Britain's budget deficit

A surge in debt costs - pushed up by soaring inflation to twice their previous monthly peak - added to Britain's budget deficit in June, which was its highest since April 2021, data showed on Thursday.
Heatwave in Britain

Britain counts cost of historic heatwave as 13 die

At least 13 people have died in Britain while swimming during a spell of record-breaking hot weather that sparked wildfires, damaged train tracks and triggered warnings that efforts to tackle climate change needed to be stepped up.