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 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 ...

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 ...

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

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 ...

What the Bank Faisal actually did today was announce the largest rate rise in a quarter of a century, in attempt to temper a ...

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