Bank of England holds interest rates and ‘shocked’ over Mandelson; Rio-Glencore merger talks collapse – as it happened

Bank splits 5-4 on interest rate decision, and hints that cuts are coming, as governor pays tribute to Alistair Darling over Mandelson revelations

Bank of England keeps interest rates at 3.75% as inflation concerns persist

Bank indicates anti-inflation measures in Rachel Reeves’s budget likely to pave way for rate cuts in months ahead

Rising unemployment and falling inflation made a strong case for a cut but Andrew Bailey opted to wait and see

States and financial bodies using modelling that ignores shocks from extreme weather and climate tipping points

Rolling coverage of the latest economic and financial news

‘Longest period of job shedding’ in 16 years taking place as business activity grows at fastest rate since August

Jump of £37bn in budget deficit by 2040 would force government to increase taxes, NIESR predicts

Editorial: Decaying town centres are fuelling a sense of disillusionment with mainstream parties. Labour’s regeneration strategy must be bolder

Rolling coverage of the latest economic and financial news

Valdis Dombrovskis says bloc is ‘ready to engage’ amid meetings with ministers including Rachel Reeves

A whistle-stop tour of the greatest hits of progressive policy fails to take account of a central conundrum

January 2026 report to be rescheduled after BLS has already been faced with major delays from last year’s shutdown

Trump’s pick of ‘respected central banker’ Kevin Warsh as Fed chair prompts investors to sell safe haven assets

Gold and silver prices recover early losses, after choice of Kevin Warsh as next Fed chair triggered heavy losses in precious metal prices

Auditor calls renewable energy targets ‘unrealistic’ unless ‘EU ups its game’ in mining, refining and recycling of metals such as rare earths