Businesses shut, events cancelled and rates decision delayed after Queen’s death

Bank of England delays interest rate decision as firms and unions pay respect, with TUC postponing annual gathering

• Britain mourns death of Queen Elizabeth - latest updates

Businesses, financial institutions and unions have cancelled or postponed events as a mark of respect to the Queen, with the Bank of England delaying a decision over raising interest rates to tackle soaring inflation.

The central bank said its rate-setting monetary policy committee (MPC) would hold its next meeting due on Thursday a week later than scheduled, as the UK observes a period of national mourning.