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

Gross domestic product (GDP) fell by 0.6% in June, according to new figures published this morning by the Office for National ...

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

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

The Bank of England has warned that the UK will fall into recession this year as it raised interest rates from 1.25% 1.75% in a bit to curb soaring prices. It expects the economy to shrink in the ...

It is the most piercing of warning sirens set off by the Bank of England. What the Bank actually did today was announce the ...

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