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The Latest Breaking News from Bank of England

BBC Panorama: Man forced to retire early due to ill health loses entire life's savings after investing in fund

“The side effects to some of the medication was horrendous, but losing the money was worse."

Wales Online

More unemployment next year than in pandemic, experts predict, as inflation set to top 13 percent this year

The latest figures out today show a 0.1 percent rise in unemployment over the last three months - but it's a sign of things to come

Manchester Evening News

Why aren’t banks passing on interest rate rises to customers?

Rates have gone up six consecutive times, yet very few savers are benefiting, researchers find

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Four economists on ways to tackle UK cost of living crisis

Political leaders from all major UK parties have put forward proposals to relieve the cost of living crisis this winter

Wales Online

GMB Union slams Amazon pay offer as 'joke' as inflation drives record wage slump in UK

New figures from the Office for National Statistics show pay is failing to keep up with the cost of living

Birmingham Post

Homeowners warned interest rates could rise by further 0.5% next month

Millions of homeowners were warned on Tuesday that the Bank of England’s monetary policy committee could raise interest rates by a further 0.5 per cent next month - hiking their mortgage payments.

Evening Standard

Glass half empty or full? The two ways of viewing latest UK jobs figures

Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate

The Guardian - UK

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How to tackle the UK cost of living crisis – four economists have their say

UK inflation, already at 40-year highs, could pass 13% in October, according to Bank of England forecasts. While wages have not kept pace with inflation, much of the expected squeeze on households and businesses is down to rising energy costs.

The Conversation

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

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

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news in one place.

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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

Daily Mirror

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.

Reuters

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.

The Guardian - UK

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

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news in one place.

100’s of premium titles.
One news app.

Wales Online

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.

Reuters

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.

The Guardian - UK

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 Independent 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’

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

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