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The Latest Breaking News from Bank of England

'Quiet lad from Widnes' ended up facing 200 years in America's worst prison

Shaun Attwood, dubbed "The Bank of England" headed a multi million dollar drug empire

Liverpool Echo

Rishi Sunak or Liz Truss? Whoever wins faces a bleak economic outlook

Inflation and a cost of living crisis mean the new PM will have little time to produce a feelgood factor

The Guardian - UK

Truss pledges to scrap EU rules if she wins race to be UK leader

Liz Truss vowed to scrap all remaining EU laws by the end of 2023 if she becomes prime minister, as she vies for votes with Rishi Sunak in their battle to win the Conservative Party leadership election and succeed Boris Johnson.

Tribune News Service

From analysis to the latest developments in health,
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Sunak labels himself the underdog as ‘forces that be’ back Liz Truss

The ex-chancellor used a speech in Grantham, the birthplace of Margaret Thatcher, to kick-start his campaign for the Tory leadership.

The Independent UK

Sunak set for speech in Thatcher’s hometown as Truss promises EU ‘red tape bonfire’

The Foreign Secretary has vowed to review all EU laws retained after Brexit by the end of next year if she becomes prime minister.

The Independent UK

We’re living in an age of permanent crisis – let’s stop planning for a ‘return to normal’

Current plans seem foolish when we know that shocks such as global heating aren’t going away, says Progressive Economy Forum director James Meadway

The Guardian - UK

Rising interest rates will hit already weak UK economy, output shows

Latest snapshot of private sector activity reveals manufacturing and services struggling with rising costs

The Guardian - UK

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The economic danger of rivals for No. 10 shooting from the lip

City Voices: Markets will prefer Rishi Sunak over Liz Truss

Evening Standard

Liz Truss’s tax and spending plans sow consternation among economists

Analysis: experts are lining up to warn that her policies will increase inflation and leave the UK with higher debt

The Guardian - UK

ECB hikes interest rates by 0.5% in its first rise in 11 years

Move will add pressure on Bank of England to follow suit

Evening Standard

Sunak would not cut taxes before autumn 2023, in clear divide with Truss

Former chancellor would delay cuts until inflation under control, while rival has pledged immediate cuts

The Guardian - UK

European Central Bank raises interest rates for first time in 11 years

Bank surprises markets with 0.5 percentage point rise as inflation reaches 8.6% in eurozone

The Guardian - UK

Europe's central bank to join global push for higher rates

The European Central Bank is ready to join the U.S. Federal Reserve and the Bank of England in a global rush to raise interest rates and put a lid on galloping inflation

The Independent UK

Interest rates: the three central banks facing one tricky balancing act

In the fight against inflation the ECB, Bank of England and Federal Reserve risk either doing too much too soon, or too little too late

The Guardian - UK

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Newsroom.co.nz

Golden chance for NZ exports as West 'friend-shores' its supply chain

The US is leading calls to trade first with countries it knows and trusts. NZ must grasp opportunities to be part of such international supply chain resilience initiatives.

Chronicle Live

What is the rate of inflation and why is it going up?

Brits are struggling with the rising cost of living, but why do prices keep increasing?

Manchester Evening News

How much items such as milk, eggs, meat fruit have risen in price in the past 12 months

The cost of milk has risen by 26 per cent

The National (Scotland)

Tories prioritise in-fighting as inflation skyrockets to 40 year high, says SNP

THE SNP have slammed the Tories for prioritising their leadership contest over the cost-of-living as inflation surged to a 40-year high.

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The Independent UK

Italy political turmoil a headache for Europe's central bank

Italy's political turmoil is making life harder for the European Central Bank as it hikes interest rates and raising bad memories of the eurozone debt crisis a decade ago

Evening Standard

What is inflation? UK rate increases unexpectedly to 3.6%

Inflation has unexpectedly jumped to 3.6%. But what is it, how is it calculated and what does it mean for wages and mortgages?

Wales Online

Average UK house now costs £283,000 after 12.8% surge - where prices have risen the most

Latest property costs as England, Wales and Scotland all hit record levels in May

The Independent UK

Average UK house price is £32,000 higher than a year ago

Property values in England, Wales and Scotland all hit new record levels in May, according to the Office for National Statistics.

The Guardian - UK

UK inflation rise is worrying but Bank of England must not overreact

Analysis: Figure is being generated by factors outside Britain, and households and firms can do without burden of higher interest rates

Chronicle Live

Inflation rises again to hit highest rate in more than 40 years

The headline rate of inflation has risen to 9.4% in June, with experts saying it will go even higher later this year

The Independent UK

Mounting cost crisis sees inflation soar to fresh 40-year high

The Office for National Statistics said Consumer Prices Index inflation rose to 9.4% in June, up from 9.1% in May.

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