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BREAKING
16 hours ago Sky Atlantic drama Billions cancelled after its seventh season
9 hours ago Man found guilty of murdering Olivia Pratt-Korbel, age 9
12 hours ago Charles Bronson to remain in prison
13 hours ago Northern Lights to be visible from parts of UK tonight
14 hours ago Hairy Bikers star Dave Myers gives heartbreaking cancer update
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Bank of England

'As the crisis continues, the situation is becoming increasingly perilous,' says Nucleus Commercial Finance boss Chirag Shah. Picture: contributed.

Cost-of-living crisis 'proving more of burden than lockdowns for SMEs'

The Bank of England faces a tricky balancing act, weighing up inflationary pressures, market volatility and recessionary concerns.
The Bank of England faces a tricky balancing act, weighing up inflationary pressures, market volatility and recessionary concerns.

Interest rates: Why the latest hike may not be an end to the pain

The Bank of England has pushed interest rates higher as it tries to put a lid on soaring prices after UK inflation unexpectedly jumped higher last month.
The Bank of England has pushed interest rates higher as it tries to put a lid on soaring prices after UK inflation unexpectedly jumped higher last month.

Bank lifts UK interest rates again but upgrades economic growth forecast

The Bank of England is expected to increase interest rates for the 11th time in a row on Thursday after an unexpected resurgence in UK inflation.
The Bank of England is expected to increase interest rates for the 11th time in a row on Thursday after an unexpected resurgence in UK inflation.

Interest rates expected to rise after shock increase in inflation

Interest rates will go up for the 11th consecutive time as the Bank of England is set to confirm an increase of 0.25%  - Credit: Adobe
Interest rates will go up for the 11th consecutive time as the Bank of England is set to confirm an increase of 0.25%  - Credit: Adobe

Bank of England to raise interest rates in bad news for mortgages

Food inflation has hit its highest level in 45 years.
Food inflation has hit its highest level in 45 years.

Inflation creep: The price shock facing consumers, businesses and BoE

UK inflation shot up unexpectedly last month as vegetable shortages pushed food prices to their highest rate in more than 45 years, according to official figures. (Photo by JUSTIN TALLIS/AFP via Getty Images)
UK inflation shot up unexpectedly last month as vegetable shortages pushed food prices to their highest rate in more than 45 years, according to official figures. (Photo by JUSTIN TALLIS/AFP via Getty Images)

What does high inflation mean? This is what happens when inflation rises

Credit Suisse has had problems for some time and was pushed over the edge because of market jitters sparked by the failure of Silicon Valley Bank in the US.
Credit Suisse has had problems for some time and was pushed over the edge because of market jitters sparked by the failure of Silicon Valley Bank in the US.

Banking crisis: Will the current turmoil lead to a repeat of 2008 crash?

Credit Suisse was snapped up by its Swiss rival UBS at the weekend.
Credit Suisse was snapped up by its Swiss rival UBS at the weekend.

Banking crisis fears as Credit Suisse bailout fails to stem market rot

Fears over a banking crisis remained at the fore on Thursday after Credit Suisse said it would borrow up to 50 billion Swiss francs (£45 billion) from Switzerland’s central bank to bolster its finances, sparking hefty falls in Asian trading.(Photo by FABRICE COFFRINI/AFP via Getty Images)
Fears over a banking crisis remained at the fore on Thursday after Credit Suisse said it would borrow up to 50 billion Swiss francs (£45 billion) from Switzerland’s central bank to bolster its finances, sparking hefty falls in Asian trading.(Photo by FABRICE COFFRINI/AFP via Getty Images)

Banking crisis fears ramp up after Credit Suisse £45 billion emergency loan

Chancellor Jeremy Hunt leaves Downing Street with the despatch box after presenting his spring budget to parliament
Chancellor Jeremy Hunt leaves Downing Street with the despatch box after presenting his spring budget to parliament

John McLaren: Why the scene-setter Budget neither excites nor satisfies

There had been mounting worries that the collapse could have sent shockwaves through the technology and life sciences sector in the UK.
There had been mounting worries that the collapse could have sent shockwaves through the technology and life sciences sector in the UK.

Analysis: Silicon Valley Bank's collapse likely to cause ripples for some time

HSBC has bought the embattled UK arm of Silicon Valley Bank (SVB UK) for as little as £1, securing the deposits of more than 3,000 customers worth £6.7 billion.
HSBC has bought the embattled UK arm of Silicon Valley Bank (SVB UK) for as little as £1, securing the deposits of more than 3,000 customers worth £6.7 billion.

HSBC buys Silicon Valley Bank UK

The UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to “facilitate” a private sale.
The UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to “facilitate” a private sale.

Silicon Valley Bank UK sold to HSBC

Chancellor Jeremy Hunt and Prime Minister Rishi Sunak are under renewed pressure to spend ahead of the Budget. Picture: PA
Chancellor Jeremy Hunt and Prime Minister Rishi Sunak are under renewed pressure to spend ahead of the Budget. Picture: PA

Why Brexit pessimism and rash recession forecasts have been wrong

Jeavon Lolay: 'Hopes that inflation has peaked underpinned a broad-based recovery in business confidence in January.'
Jeavon Lolay: 'Hopes that inflation has peaked underpinned a broad-based recovery in business confidence in January.'

Business outlook strongest in six months amid hopes inflation has peaked

Shoppers have been juggling with steep price hikes on many food and household items for months now.
Shoppers have been juggling with steep price hikes on many food and household items for months now.

Analysis: Government faces momentous challenge halving inflation by end of year

Supermarket shoppers will have noticed many everyday items increasing in price several times over the past year.
Supermarket shoppers will have noticed many everyday items increasing in price several times over the past year.

Inflation: 'Fight far from over' as inflation falls but remains in double digits

The UK economy has avoided a recession
The UK economy has avoided a recession

UK economy avoids recession in second half of 2022

The Bank of England reports that an "economy is in recession when it has two consecutive quarters (i.e. six months) of negative growth."
The Bank of England reports that an "economy is in recession when it has two consecutive quarters (i.e. six months) of negative growth."

What is a recession? Are we in a recession now? Should we be worried?

Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference in London. Picture: Yui Mok/PA Wire
Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference in London. Picture: Yui Mok/PA Wire

Inflation ‘guaranteed’ to fall in 2023 unless new global shock hits, says Bank

Pragmatism will be key for property buyers and sellers - Wilson Browne

Middle-income households will face a hit to their personal disposable income ranging from 7 per cent to 13 per cent, according to the report. Picture: Getty Images/iStockphoto.
Middle-income households will face a hit to their personal disposable income ranging from 7 per cent to 13 per cent, according to the report. Picture: Getty Images/iStockphoto.

Cost-of-living crisis: quarter of UK homes will struggle to pay bills in 2023/24

A digital pound could be introduced this decade
A digital pound could be introduced this decade

Digital pound could come this decade say Treasury and Bank of England

Former prime minister Liz Truss. Picture: Finnbarr Webster/Getty Images
Former prime minister Liz Truss. Picture: Finnbarr Webster/Getty Images

Liz Truss claims she was never given 'realistic chance' on tax-cutting agenda

Interest rates have been pushed higher in an effort to curb rocketing inflation, which has dented people's spending power.
Interest rates have been pushed higher in an effort to curb rocketing inflation, which has dented people's spending power.

Analysis: Borrowers praying for light at end of the interest rate tunnel

Interest rates have increased to 4%
Interest rates have increased to 4%

Bank of England raises interest rates to 4% amid cost of living crisis

The Bank of England, above, has voted to increase the base interest rate from 3.5 per cent to 4 per cent.
The Bank of England, above, has voted to increase the base interest rate from 3.5 per cent to 4 per cent.

Interest rates jump to 4% but Bank of England offers glimmer of hope: reaction

Chancellor Jeremy Hunt last week talked up the UK economy and its growth prospects in his first major speech in the post
Chancellor Jeremy Hunt last week talked up the UK economy and its growth prospects in his first major speech in the post

UK only major economy to shrink in 2023 - IMF

Rishi Sunak needs to do better than his target to cut inflation (Picture: Paul Ellis/AFP via Getty Images)
Rishi Sunak needs to do better than his target to cut inflation (Picture: Paul Ellis/AFP via Getty Images)

Sunak's inflation pledge may sound good, but he needs to try harder

Supermarket shoppers will have noticed many everyday items increasing in price several times over the past year.
Supermarket shoppers will have noticed many everyday items increasing in price several times over the past year.

Analysis: Inflation cools but data masks some shocking trends

UK inflation has fallen for a second month in a row but remains close to a 40-year high.
UK inflation has fallen for a second month in a row but remains close to a 40-year high.

UK inflation falls slightly but remains close to 40-year high

Output contracted at one of the quickest rates in the past 14 years, as new order inflows weakened and supply-chain issues continued to bite, according to the report (file image). Picture: Robert Perry/Getty Images.
Output contracted at one of the quickest rates in the past 14 years, as new order inflows weakened and supply-chain issues continued to bite, according to the report (file image). Picture: Robert Perry/Getty Images.

UK manufacturing sector 'ends 2022 on disappointing note', reaching 31-month low

Stuart Gillies is a Senior Associate at Dentons
Stuart Gillies is a Senior Associate at Dentons

Big-tech banking is here, so traditional firms and regulators need to be ready -...

High numbers of home-owners are set to refinance their mortgages in the coming year.
High numbers of home-owners are set to refinance their mortgages in the coming year.

New mortgage borrowers could end up paying thousands more for a home loan

Jeremy Hunt  who will set out a Spring Budget on March 15, 2023, the Treasury has said. Picture: Stefan Rousseau/PA Wire
Jeremy Hunt  who will set out a Spring Budget on March 15, 2023, the Treasury has said. Picture: Stefan Rousseau/PA Wire

Jeremy Hunt to set out Spring Budget in March

The Bank of England in London has the nickname of The Old Lady of Threadneedle Street. Picture: AFP/Getty Images
The Bank of England in London has the nickname of The Old Lady of Threadneedle Street. Picture: AFP/Getty Images

Interest rates: Bank of England's inflation obsession could prove painful

Edward Kane and The Letters of Comfort, Chapter 10: Four Months to Live. ILLUSTRATION: Lesley-Anne Barnes Macfarlane
Edward Kane and The Letters of Comfort, Chapter 10: Four Months to Live. ILLUSTRATION: Lesley-Anne Barnes Macfarlane

Edward Kane and The Letters of Comfort. Chapter 10: Four Months to Live

The Bank of England hikes interest rates for a ninth time in a row to a 14-year high of 3.5%, pressing ahead with efforts to tame inflation
The Bank of England hikes interest rates for a ninth time in a row to a 14-year high of 3.5%, pressing ahead with efforts to tame inflation

Bank of England raises interest rate to 14 year high

Image: Adobe Stock
Image: Adobe Stock

Kirsty McLuckie on negative equity

House prices across the UK fell in October, a Nationwide report has showed
House prices across the UK fell in October, a Nationwide report has showed

‘Average UK house price fell by 1.4% month on month in November’

The Governor of the Bank of England Andrew Bailey explained a lot of the mini-budget came as a surprise.
The Governor of the Bank of England Andrew Bailey explained a lot of the mini-budget came as a surprise.

Andrew Bailey claims mini-budget was 'not settled' day before it was announced

The winds of political change look set to blow the Conservative party out of power (Picture: Dan Kitwood/Getty Images)
The winds of political change look set to blow the Conservative party out of power (Picture: Dan Kitwood/Getty Images)

The Conservatives are on their way out. And they know it – Christine Jardine

Threatening teenagers are becoming an ever bigger problem on Scotland's streets, reckons reader (Picture: Syda Productions/Adobe)
Threatening teenagers are becoming an ever bigger problem on Scotland's streets, reckons reader (Picture: Syda Productions/Adobe)

Readers' Letters: Bring back belt to clamp down on feral teens

Some 70 miles of the A9 remain to be dualled between Perth and Inverness (Picture: John Devlin)
Some 70 miles of the A9 remain to be dualled between Perth and Inverness (Picture: John Devlin)

Realistic timescale for A9 dualling needed as 2025 unfeasible – Alastair Dalton

Autumn Statement 2022: What time is Jeremy Hunt’s budget and how to watch it live online and TV
Autumn Statement 2022: What time is Jeremy Hunt’s budget and how to watch it live online and TV

How to watch Jeremy Hunt’s Autumn Statement

From left, Chair of the OBR, Office For Budget Responsibility, Richard Hughes, member of the Budget Responsibility Committee, Andy King and Professor David Miles CBE, member of the Budget Responsibility Committee at Downing Street
From left, Chair of the OBR, Office For Budget Responsibility, Richard Hughes, member of the Budget Responsibility Committee, Andy King and Professor David Miles CBE, member of the Budget Responsibility Committee at Downing Street

What is the OBR and why does it matter?

Prime Minister Rishi Sunak (left) and Chancellor of the Exchequer Jeremy Hunt during Prime Minister's Questions in the House of Commons, London.
Prime Minister Rishi Sunak (left) and Chancellor of the Exchequer Jeremy Hunt during Prime Minister's Questions in the House of Commons, London.

Jeremy Hunt Autumn statement: What time is statement and how to watch

People protest in Glasgow's George Square against the rising cost of living earlier this year (Picture: Jeff J Mitchell/Getty Images)
People protest in Glasgow's George Square against the rising cost of living earlier this year (Picture: Jeff J Mitchell/Getty Images)

We all have to pay the price for imported inflation – John McLaren

Retailers are facing one of their toughest festive seasons ever as inflation and living costs curb growth
Retailers are facing one of their toughest festive seasons ever as inflation and living costs curb growth

UK inflation jumps to 41-year high of 11.1% due to surging energy bills

The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation.
The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation.

Interest rate rise is bad news for borrowers, but more positive for savers

Kwasi Kwarteng  refused to apologise for the impact of the mini-budget on the people.
Kwasi Kwarteng  refused to apologise for the impact of the mini-budget on the people.

Kwasi Kwarteng says he warned Liz Truss of her downfall

Still friends? Kwasi Kwarteng says he hasn't returned a missed call from Liz Truss from a few days ago.
Still friends? Kwasi Kwarteng says he hasn't returned a missed call from Liz Truss from a few days ago.

Kwasi Kwarteng says he told Liz Truss to slow down on economic changes

Joining Efta would give the UK access to the single market and enable public services and companies to employ much needed staff from the EU (Picture: Ralph Orlowski/Getty Images)
Joining Efta would give the UK access to the single market and enable public services and companies to employ much needed staff from the EU (Picture: Ralph Orlowski/Getty Images)

Kenny MacAskill: With economy in serious trouble, UK must join EU single market

Fears over climate change have grown amid warnings that world leaders should "panic" and "code red for humanity". Photo: Danny Lawson/PA Wire
Fears over climate change have grown amid warnings that world leaders should "panic" and "code red for humanity". Photo: Danny Lawson/PA Wire

Leader: The global energy crisis and Cop27

Making a child money-wise is a good investment in their future, reckons reader
Making a child money-wise is a good investment in their future, reckons reader

Readers' Letters: Young people must be taught how to budget

The Scotsman Top Stories

Handspring Puppet Company will be staging an adaptation of JM Coetzee's novel Life & Times of Michael K at this year's Fringe.
Handspring Puppet Company will be staging an adaptation of JM Coetzee's novel Life & Times of Michael K at this year's Fringe.

Edinburgh Festival Fringe: Leading venues announce hundreds of new shows

Sir Keir Starmer’s move to block Jeremy Corbyn from running to be a Labour MP at the next election has been backed by the party’s National Executive Committee (NEC).
Sir Keir Starmer’s move to block Jeremy Corbyn from running to be a Labour MP at the next election has been backed by the party’s National Executive Committee (NEC).

Starmer’s move to block Corbyn from running to be Labour MP approved

Outgoing First Minister Nicola Sturgeon leaves the main chamber after her last First Minster's Questions in the main chamber of the Scottish Parliament in Edinburgh. Picture: Jane Barlow/PA Wire
Outgoing First Minister Nicola Sturgeon leaves the main chamber after her last First Minster's Questions in the main chamber of the Scottish Parliament in Edinburgh. Picture: Jane Barlow/PA Wire

Sturgeon officially tenders resignation as First Minister to King Charles III

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