Interest rates rise to 1.75% – the biggest jump in 27 years – as BoE warns UK faces long recession as high gas prices hit ...

The Bank of England has warned the UK will fall into recession as it raised interest rates by the most in 27 years. The ...

Andrew Bailey has warned Liz Truss not to challenge the Bank of England's rule making powers and change its mandate, as ...

The Bank of England on Thursday defended its decision to hike rates at the fastest clip in 27 years, saying the U.K. faces a ...

The UK economy will enter recession later this year, the Bank of England has warned. The UK is set to fall into it longest ...

Britain will fall into a recession this winter that will last for more than a year the Bank of England warned today in a ...

Bank of England governor Andrew Bailey warned on Friday against workers trying to “beat inflation” by seeking hefty pay rises ...

While the Bank of England can't do anything about global supply problems or energy prices, it can change the UK's single most important interest rate. The base rate determines the interest rate ...

An interest rate hike of 0.5% is confirmed as the Bank of England takes its biggest step yet in the fight against inflation. The City expected rates to reach 1.75% in what was the biggest single ...

Bank of England (BoE) policymaker Michael Saunders has warned that ... Read more: Inflation: Six in 10 UK firms to pass higher costs to customers “Economic growth has slowed. But, with excess demand ...

Bank of England Governor Andrew Bailey discusses the central bank’s historic interest rate hike and the outlook for U.K.