Central bank makes biggest interest rate rise in 27 years, but 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 economy is forecast to shrink in the last three months of this year and keep ...

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 ...

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 ...

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

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.