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The Latest Breaking News from Bank of England

Liz Truss rejects ‘handouts’ as way to tackle cost of living crisis

Conservative leadership frontrunner insists on tax cuts despite claims they will fuel inflation

The Guardian - UK

Truss says she won’t be giving ‘handouts’ as cost-of-living crisis continues

LIZ Truss has claimed that “handouts” are not the best way to help households as the cost-of-living crisis continues to squeeze households…

The National (Scotland)

Liz Truss rejects ‘handouts’ as solution to cost-of-living crisis

Tory leadership contender’s tax cut plan will not help the hungry, warns business leader

The Independent UK

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Your rights if you can't afford your bills after Bank of England interest rate hike

Consumer rights expert Martyn James explains everything you need to do if you can't afford your bills after the Bank of England raised interest rates from 1.25% to 1.75%

Daily Mirror

Sunak and Truss tear each other apart on economy in latest leadership hustings

Rishi Sunak warned that unless inflation gets under control, there is ‘no hope’ the Tories will win the next election.

The Independent UK

Asian shares advance as oil prices retreat

RECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. But while global markets have enjoyed a broadly positive week, recession worries and Chinese military drills around Taiwan have traders' nerves on edge.

Bangkok Post

Truss warns against ‘talking UK into a recession’ in leadership hustings

Tory favourite for No 10 says taxes should be kept low as rival Sunak says his priority will be to tackle inflation

The Guardian - UK

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Tories can ‘kiss goodbye’ to next election if they fail to control inflation, says Sunak

Former chancellor warns rival Liz Truss will fuel price rises by cutting tax too soon

The Independent UK

Bank of England’s dire recession warning too ‘optimistic’ amid gas threat, economists say

‘If Russia were to completely cut supplies and we had a cold winter it would be a perfect storm’

The Independent UK

Liz Truss grins as she visits world's biggest Union flag

LIZ Truss beamed with joy as she visited the world’s largest Union flag on Friday.

The National (Scotland)

First average house price fall in UK since June 2021, month-on-month figures show

A typical UK property now costs £293,221

Wales Online

Stagflation: What is it, and what can be done to tackle it?

A recent report has warned that the UK is headed for a recession that will plunge millions of vulnerable households across the UK into financial crisis.

Evening Standard

Truss ‘irresponsible’ for threatening to review Bank of England remit

Labour’s Rachel Reeves says Conservatives are ‘playing blame game’ for UK’s economic problems

The Guardian - UK

Rishi Sunak ‘did not take a holiday as chancellor’ as PM accused of going awol during economic crisis

Treasury spokesperson expresses hope Sunak has quality time with his family in ‘whatever job he gets next’

The Independent UK

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news in one place.

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Evening Standard

‘Next PM must find billions to help struggling households’

There are strange quirks to the UK’s unwritten (or so no one writes in, uncodified) constitution. Did you know that in the 1990s and 2000s, a by-election was not considered legitimate unless Michael Crick had doorstepped a terrified local candidate?

The Guardian - UK

Andrew Bailey: who is the Bank of England governor – and is his job safe?

He has been accused of being asleep at the wheel over inflation, but sacking the Threadneedle Street chief would be a risky step

Daily Record

Outrage as Tory minister tells Scots to wait weeks for cost-of-living help

Business Secretary Kwasi Kwarteng said he expects an emergency budget from the next prime minister to contain measures to help people.

Wales Online

Seven steps you need to take now to survive the oncoming winter bills storm

The cost of living crisis will accelerate in October with a year of recession forecast - meaning higher bills, higher prices and job cuts

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news in one place.

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The Independent UK

Recession forecast explained: What you need to know

The UK’s central bank has predicted a long recession and eye-watering inflation

The Independent UK

Andrew Bailey denies Bank was too slow to act over soaring inflation

The Governor of the Bank of England warned that earlier interest rate rises could have brought forward a recession.

Daily Mirror

Everything you can do NOW to prepare for ‘devastating’ winter bill shock

Winter is coming and families are being warned of a string of enormous bill hikes. We explain everything you can do to prepare for the huge increases

The Conversation

Inflation: why it's happening and why interest rates are going up to combat it

Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months.

Daily Mirror

What is 'stagflation' and how is it different from inflation as UK faces recession

When an economy is ravaged by high inflation and stagnated growth, economists brand it 'stagflation' to describe the nightmare combination. The UK economy is heading that way

The Independent UK

Interest rates: How will student loans be affected?

Bank of England’s dire new forecast sparks recession fears

Birmingham Post

Amazon workers walk out for second day in pay dispute

Staff at the warehouse in Bristol are protesting in response to a 35p-an-hour pay rise being offered by the tech giant

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