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The Latest Breaking News from Andrew Bailey

Britain’s inflation rate surges to a 40-year high of 9%

UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

Bangkok Post

UK inflation hits 40-year high of 9% as cost of food and energy rockets

Spiralling inflation, fuelled by rising petrol and food prices, is hitting the pockets of UK households with the invasion of Ukraine being blamed for rising oil prices

Daily Mirror

Inflation hits all-time record high as cost-of-living crisis surges

New data from the Office for National Statistics has revealed the worrying figures

Manchester Evening News

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Cost of living outpacing wages as salaries fall by biggest amount in a decade

Real terms regular pay fell by nearly two per cent in March alone

Bristol Post

M&S boss warns shoppers over 'apocalyptic' rising cost of food

The Governor of the Bank of England, Andrew Bailey, described soaring living costs as "apocalyptic"

Chronicle Live

Apocalyptic food prices: Why cost of food is soaring and how to deal with it at home

The Bank of England chief has issued a stark warning about incoming food shortages due to global events, which is resulting in the danger of 'apocalyptic' prices

Daily Mirror

Pound jumps as jobs data fuels interest rate bets

THE pound rallied hard today as markets bet that interest rates are now certain to quickly go higher.

Evening Standard

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Price of food could go up 10% this year says M&S boss

Wales Online

Food prices could rocket by 10% this year for struggling Brits, M&S chief warns

M&S chairman Archie Norman said a 10% rise won't be surprising after a warning of 'apocalyptic' food price rises came from the governor of the Bank of England, Andrew Bailey

Daily Mirror

Tory minister 'surprised' to hear about 'apocalyptic' rise in food prices

A TORY minister has claimed he is “surprised” to hear an “apocalyptic” warning about increases in food prices from the governor of the Bank…

The National (Scotland)

Minister ‘surprised’ at Bank of England’s ‘apocalyptic’ food shortage comments

A Cabinet minister has rebuffed Bank of England Governor Andrew Bailey after he sounded an “apocalyptic” warning over looming food shortages caused by Vladimir Putin’s invasion of Ukraine.

Evening Standard

Pound jumps as UK unemployment falls to lowest since 1974, but basic pay lags inflation – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

'Apocalyptic' warning over food price rises due to Ukraine war

While there is food in storage in Ukraine, it can't be shipped out due to the war

Wales Online

Sir John Major says ‘help must come’ from government over cost of living

‘Penniless’ people of Britain would lose trust in state if financial aid is not forthcoming, he says

The Independent UK

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The Guardian - UK

Bailey sets alarm bells ringing while barely mentioning the B-word

As the Convict hoped for a fudge in Northern Ireland, the Bank of England governor explained how screwed the economy is

The Independent UK

‘Think and reflect’ before seeking pay rise, says £575,000-a-year Bank of England chief

‘It’s a societal question but I am not preaching about this’ says governor Andrew Bailey

The Independent UK

Bank of England governor rejects criticism on inflation

Bank of England Gov. Andrew Bailey has rejected criticism that the institution didn’t move quickly enough to quash inflationary pressures

Wales Online

Warning over 'apocalyptic' food prices and 'income shock' from energy costs

The Governor of the Bank of England said he felt 'helpless'

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The Guardian - UK

‘Apocalyptic’ food prices will be disastrous for world’s poor, says Bank governor

Bank of England’s Andrew Bailey blames UK’s highest inflation rate for three decades on Russia-Ukraine war and Covid

The Independent UK

Bank of England chief warns over ‘apocalyptic’ food price rises

Governor Andrew Bailey said he felt helpless as he defended the Bank’s monetary policy despite soaring inflation.

Daily Record

UK faces 'apocalyptic' rise in food prices, warns Bank of England governor

The war in Ukraine will lead to major problems with food supplies across the world, a bank chief warned today.

Daily Mirror

Bank of England governor gives 'apocalyptic' warning about food prices due to Ukraine war

Andrew Bailey, the governor of the Bank of England, said he sounded 'rather apocalyptic' about the risk of foods like wheat and cooking oil being produced in Ukraine but unable to get out

Evening Standard

Bank of England governor sounds ‘apocalyptic’ warning on food shortages due to Vladimir Putin’s invasion of Ukraine

The Bank of England governor sounded an “apocalyptic” warning on Monday over looming food shortages caused by Vladimir Putin’s invasion of Ukraine.

The Independent UK

Bank of England governor warns of ‘apocalyptic’ impact of global food prices

Andrew Bailey admits UK is in a ‘bad situation’ and faces potentially ‘apocalyptic’ food-price increases, as he’s grilled by MPs

Wales Online

Inflation set to hit nine per cent this week - what it means for you

There is no let up in sight in the cost of living crisis

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