Fixed rates on two-year mortgages rose above six per cent today – while short term interest rates on government borrowing hit their highest level for more than a decade.
There is no alternative. That was the message today from the Chancellor, saying the government gave complete backing to the Bank of England in its bid to bring down inflation by raising interest rates.
The cost of short-term government borrowing has risen above the levels hit in the aftermath of Liz Truss’s controversial mini-budget.
There may be some relief on the horizon for households trying to cover their ever-rising food bills.
The CBI has accepted that it failed to filter out “culturally toxic people” during its hiring process.
There was a nasty surprise in today’s inflation figures – the rate went up when it was widely expected to fall.
Shares in the troubled banking group Credit Suisse jumped up this morning, after it was able to announce a £45bn support package from Switzerland’s central bank.
One big chance to win back voters – not just in the Red Wall but across the country – could come tomorrow when the Chancellor will present his budget.
Our economics reporter Neil Macdonald explains the wider impact of Silicon Valley Bank.
The UK economy performed better than expected in January – output grew by 0.3%.
The Chancellor could find himself borrowing tens of billions of pounds less than expected this year. So what does that mean for the public finances? Could the public sector get its pay rise? Economics reporter Neil Macdonald explains.
The energy regulator Ofgem has announced a cut of nearly £1,000 a year in the cap on average energy bills. But despite the drop, average bills are still set up to go up this spring.
Official figures have shown a surprise surplus of £5 billion in the UK’s public finances last month – far better than the £8 billion deficit that had been expected.
Our economics reporter Neil Macdonald tries to get to the bottom of what the new employment figures mean.
Our Economics Reporter Neil Macdonald talks us through the latest economic figures.