Bank of England raises Bank Rate to 4% by an 8-1 vote, one member wanted 4.25%
The MPC expects CPI inflation to rise from 3.5% to around 5% by mid-2027 as energy prices climb in the ninth month of the Middle East conflict.
Sterling
Bank of England data chief Ben Martin: first a cloud data platform, then AI with guardrails
The Chief Data Officer describes an enterprise data platform deployed this year, over 2,000 registered data assets and a plan to enable, equip and empower staff.
PRA and FCA float lighter rules for UK credit unions and a path to become building societies
A joint discussion paper asks the sector of more than two million members about less red tape for small unions and risk-based capital for larger ones.
Bank of England approves an HSBC–LSEG link so investors can reach the UK's DIGIT gilt
HM Treasury said on 2 November that six banks now have specific lead manager roles for the Digital Gilt Instrument pilot, still expected by the first quarter of 2027.
Pink Book 2026: wider trade gap lifts UK external deficit to 3.0% of GDP
The annual balance of payments review puts the 2025 deficit at £91.6 billion, the second largest in the G7, with the net international liability position rising to £60.7 billion.
UK new mortgage rates climb to 4.63% in September; deposit rates rise too
The Bank of England's effective rate on newly drawn secured loans rose for a third month, new fixed-term deposits paid 4.42%, while rates on new consumer loans eased to 9.85%.
Fewer UK house-purchase approvals in September as savers turn to ISAs
Net mortgage lending eased to £3.9 billion, remortgaging approvals rose to 42,600, and households put £5.0 billion into ISAs, the Bank of England's Money and Credit release shows.
UK Budget 2026: mayors get business rates share and a £100 household energy payment comes
The regional fact sheet moves business rates toward full local retention, assigns income tax to mayors from 2028, adds £1.5 billion for 10,000 social homes and a £100 payment for bands A–D.
UK net capital issuance turned negative in September at -£1.8 billion
Gross issuance rose to £76.5 billion but repayments rose more; year-to-date gross issuance of £662.4 billion is £88.8 billion ahead of last year.
UK Chancellor trails an AI package for the Budget, including chip design and a jobs study
The Treasury previewed hundreds of millions for AI, with £10 million a year to study how AI reshapes work, chip-design capability in Edinburgh and a centre of excellence in Manchester.