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The Latest Breaking News from Bank of England

People have just over six weeks to spend old £20 and £50 paper notes

Paper bank notes are being phased out and replaced

Manchester Evening News

George Kerevan: Scotland's economy is a diverse one, despite what Unionists say

THE price of an ounce of gold is up on the year by around £200. When you have rampant inflation, investors seek to park their cash somewhere that…

The National (Scotland)

Like Thatcher, Truss wants radical change – but could she avoid a crisis?

Whether she or Rishi Sunak becomes prime minister, challenge looks as daunting as it did for James Callaghan in 1976

The Guardian - UK

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read the most diverse news in one place.

Liz Truss’s economic plan is ruinous nonsense with no reference to reality

Nothing in her pledges will foster the growth that this country so urgently needs

The Guardian - UK

We partied for June’s jubilee, but a winter recession won’t be an easy ride

Data on jobs, prices and sales this week will add to the gloom, but might an inflation-led return to work take the edge off?

The Guardian - UK

Bank of England under fire over £23m bonus payouts

Anger as thousands of Bank staff enjoy ‘performance awards’ when governor had urged other British workers not to demand big rises

The Guardian - UK

Six interest rate rises in a row? Blame greedy City bankers

Higher mortgage costs will hit homeowners and tenants, investment and consumer spending. In a recession. I hope they’re proud of their acquisitive selves

The Guardian - UK

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Shocktober: 10 reasons October will be worst month for Brits in 40 years

The cost of living crisis is getting worse and October is set to be a tough month for millions of families. We explain all the key dates and events to be aware of, including when energy bills will rise.

Daily Mirror

UK leadership candidate Sunak says scrapping BoE independence would be a massive mistake

Rishi Sunak, the underdog in the race to become Britain's next prime minister, said scrapping the Bank of England's independence would be a mistake that would scare off international investors.

Reuters

Biggest UK fall in real wages for 100 years looms, warns TUC

Study shows pay rises could fall behind inflation by 8% later this year, an unprecedented drop in living standards

The Guardian - UK

Is it worth paying exit fees to get out of your mortgage deal

Worried homeowners on fixed rate mortgages with early repayment charges are being offered a new online calculator tool to help them decide if it is worth paying eye-watering exit fees to get a new deal before yet more interest rate rises kick in.

Wales Online

Explainer-Britain and regulators square up over post-Brexit financial reform

Britain's government proposed a far-reaching financial services law last month to exploit "freedoms" to write its own capital market rules since leaving the European Union.

Reuters

Batteries, Beatles, boxing and Ron Mael from Sparks – take the Thursday quiz

Fifteen questions on general knowledge and topical trivia plus a few jokes every Thursday – how will you fare?

The Guardian - UK

Martin Lewis’ biggest concerns for the economy as UK faces a ‘financial emergency’

Money Saving Expert founder warns that country is in ‘pandemic scale national crisis’

The Independent UK

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Chronicle Live

Royal Mail strike 2022: Postal strike dates, why posties are striking and what they've been offered

Over 115,000 postal workers are due to strike for four days over August and September 2022, they've been offered a rise, but it comes with a catch

Evening Standard

GDP: What is it and how does it impact the cost of living?

Everything you need to know about GDP

Daily Mirror

Martin Lewis' MSE issues mortgage warning to every homeowner after interest rate rise

Homeowners should check their mortgages now as they could be able to save thousands of pounds a year on homeloan rates after the Bank of England hiked base rate last week

Benzinga

Bank Of England Warns On Metaverse Growth: Could Cause 'Financial Instability'

The growth of an open and decentralized metaverse may scale up the existing risks from crypto assets and could cause financial instability in the real world, according to the Bank of England.

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news in one place.

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The Guardian - UK

Government needs a big-bang solution or faces consequences of rising energy bills

New prime minister must drop small state rhetoric and come up with response to impending crisis

The National (Scotland)

Don't Pay campaign will make energy bills 'worse', experts warn

EXPERTS have warned against taking part in the growing Don’t Pay campaign – saying failing to pay energy bills could exacerbate the…

Nottingham Post

New energy bill blow as Brits warned they could lose £4,200 this winter

Bills in general could rise by around £6,000 by the end of the year

The Guardian - UK

UK builder Bellway reports record revenue as house prices climb

Construction firm forecasts bumper 2023 as housing boom defies rising interest rates and cost of living crisis

The Guardian - UK

July could be ‘lull before the storm’ for retailers and consumers

Cost of living crisis and rising inflation predicted to hit consumer confidence and spending

Daily Mirror

'Cancel the energy price cap increase', Lib Dem leader Ed Davey tells the Tories

Ed Davey accused the Tory leadership hopefuls, Rishi Sunak & Liz Truss of 'living in a parallel universe' as they have 'no idea' how to help families through what could be the toughest winter in decades.

Daily Mirror

Nicola Sturgeon demands urgent cost of living talks with Boris Johnson THIS WEEK

Boris Johnson is facing urgent calls from influential figures including Gordon Brown to help struggling families now and not wait until the next PM is chosen in September.

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