The Bank of England has stepped in to buy government bonds at an “urgent pace” to calm the market, following the International Monetary Fund’s rebuke of government tax cuts. An inquest into the death of 14-year-old Molly Russell continues, as her headteacher says the school had long warned about the dangers of social media. COVID-19 cases […]

The pound has plunged to an all-time low against the U.S. dollar after the chancellor’s recently unveiled tax cuts shook confidence in the UK market. Experts have warned the drop in the pound’s value will send the cost of goods soaring yet higher, while government borrowing will become more expensive.

The Bank of England has hiked interest rates to 2.25 percent and is warning the economy may already be in a recession. The government has lifted the ban on fracking to secure Britain’s energy independence, but it’s facing backlash from its own MPs over the risk of earthquakes. Prime Minister Liz Truss in her speech to the U.N. […]

The White House unveils a trucking plan to address supply chain issues and get more truckers on the road. How does it plan to do that? NBA legend Michael Jordan is launching a fansite based on blockchain. How would it work? Central banks are rethinking their ultra-easy monetary policies in the face of rising inflation. […]

Britain is considering a digital currency of its own. The Bank of England and the Treasury say they’ll work on it together. One possible name—Britcoin, of course.

The Bank of England is increasing its government bond-buying program by a further 100 billion pounds ($125 billion).

LONDON—The Bank of England slashed its key interest rate by half a percentage point to 0.25 percent on Wednesday, as part of an emergency package of measures to cushion the “economic shock” of the coronavirus outbreak. The central bank said the move would “help support businesses and consumer confidence at a difficult time.” The cut […]