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The pressure of soaring inflation saw the Bank of England edge closer to an interest rate hike days before figures revealed a shock reversal. The number of votes in favour of tightening policy increased at the Bank’s January rates meeting, but the decision a fortnight ago was made before data showed gross domestic product declined 0.5% between...

Scotland Yard detectives have launched a fresh investigation into the phone hacking scandal after receiving “significant new information“. Police said the new material is linked to allegations about the activities of staff at the News of the World in 2005 and 2006. A review by senior prosecutors of existing evidence and the latest claims...