Andrew Bailey

The Bank of England (BoE) has outlined clear plans to forcefully tackle record-high inflation in the UK, with a rare half-percentage point interest rate rise highly likely to be delivered on Thursday.

Andrew Bailey, governor of the Bank of England (BoE), has warned that crypto investors could see all their money go as he states unbacked crypto-assets have no intrinsic value.

Bank of England (BoE) governor Andrew Bailey has hinted that UK interest rates may be increased at a slower pace amid concerns that the country may fall into a recession if they are hiked too aggressively.

According to the head of the Bank of England, the rising cost of living is likely to carry on into 2023, with millions of UK households set to pay an extra £693 a year on energy bills from April.