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Bank launches emergency intervention in markets after Kwarteng mini-budget

The Bank of England has taken emergency action to calm turmoil in financial markets amid the collapse in the...
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UK’s cost of borrowing on international markets overtakes Greece and Italy

Britain’s cost of borrowing on international money markets has jumped above the rates paid by Greece and Italy as...
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Kwarteng’s tax cuts will force ‘significant’ interest rate rises by Bank of England

A senior Bank of England official has warned “significant” increases in interest rates will have to be imposed by...
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Fragile state of UK economy scrutinised as nation mourns

The fragile state of Britain’s economy will be underlined this week by official figures showing a renewed slump in...
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Business

Bank of England delays interest rate decision after Queen’s death

Businesses, financial institutions and unions have cancelled or postponed events as a mark of respect to the Queen, with...
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Eurozone interest rates must continue to rise, says European Central Bank

Interest rates across the eurozone must continue to ratchet upwards to tackle rapidly rising inflation, European Central Bank policymakers...
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Bank governor defends inflation record as Truss review awaits

Andrew Bailey has defended the Bank of England’s record of managing inflation under his command amid growing pressure on...
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UK shoppers are keeping calm and carrying on. Why? | Larry Elliott

T he UK economy is a puzzle. Inflation has burst above 10% for the first time since Argentina...
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