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The Latest Breaking News from Bank of England

Paper £50 and £20 notes will no longer be legal tender in just 100 days time

There are still paper notes in the two denominations in circulation worth £14bn

Wales Online

Just 100 days left to spend billions of pounds of old-style paper £20 and £50 notes

Old notes featuring Adam Smith, James Watt and Matthew Boulton will soon become useless

The Independent UK

MPs seek to avoid race to the bottom in post-Brexit City regulation

New subcommittee will scrutinise plans to change how watchdogs supervise the UK’s financial sector

The Guardian - UK

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100 days left to use paper Bank of England banknotes

September 30 is the last day that the Bank of England’s paper £20 and £50 banknotes will have legal tender status.

The Independent UK

Bank of England warns 460 million bank notes will no longer be valid soon

Old paper £20 and £50 notes will become not legal to spend from September 30, the Bank of England has warned. It means you have 100 days to search your piggy banks for forgotten cash

Daily Mirror

BoE Explains Why Crypto Crash Survivors Could Become Future Amazons, eBays

Bank of England Deputy Governor Jon Cunliffe sees a possibility for crypto meltdown survivors to become the future technology companies, rivaling Amazon.com Inc (NASDAQ:AMZN) and eBay Inc (NASDAQ: EBAY), Bloomberg reports from a Zurich forum. Cunliffe drew parallels between the meltdown wiping more than $1 trillion off the value of Bitcoin and other cryptocurrencies to the dot-com collapse at…

Benzinga

What a 9.1% inflation rate means for your money - and what happens next

As the UK inflation rate hits a 40-year high the cost of living crisis deepens, we look at what this means to people in this country

Chronicle Live

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Economics expert explains why inflation has reached a 40-year high

PRICES are continuing to rise at the fastest rate in 40 years, latest figures show.

The National (Scotland)

Join us LIVE as we explain what record 9.1% inflation means for you and your money

Mirror money experts Sam Barker and Graham Hiscott will be live on the Daily Mirror Facebook page from 1pm this afternoon to discuss how rising costs are affecting your wallet - and what to do about it

Daily Mirror

Food and fuel fire highest inflation for 40 years

Good news! The rate by which prices are rising is increasing but by less than in previous months. Yes, that still takes inflation (9.1 per cent) to a 40-year high and sure, the Bank of England is forecasting 11 per cent by the autumn. But you take your wins where…

Evening Standard

UK inflation: South West firms fear going bust amid cost of living crisis

Small businesses across the region have urged the Government to provide more support as prices continue to rise and consumer spending is squeezed

Birmingham Post

London house prices defy economic gloom but buyers show ‘increasing nervousness about taking on debt’

Spring sale prices remain strong but there are signs of an impending slowdown in the property market

Evening Standard

UK house prices: Will rising interest rates cause a property market crash?

Property pices are rocketing but many experts are predicting a slowdown in price growth later this year, explains Ben Chapman

The Independent UK

UK housing market is 'house of cards', says property expert

Average annual house prices in Britain have risen again, new ONS data shows

Birmingham Post

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Daily Record

How soaring inflation will affect your household finances over the next few months

The rate of consumer prices index (CPI) inflation rose from 9% in April to 9.1% in May.

Daily Mirror

Martin Lewis urges every homeowner to act now as cheap mortgage deals disappear

Martin Lewis is urging borrowers to “act now” if they’re on a fixed rate deal that will end soon, or if you’re on a variable rate. It comes after the Bank of England hiked interest rates to 1.25%

The Independent UK

Cost of living crisis 2022: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The National (Scotland)

Inflation spike 'extremely worrying' for struggling Scots, Kate Forbes says

SCOTLAND’S Finance Secretary has warned the state of the UK’s economy is “extremely worrying” as inflation hit a new 40-year high.

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news in one place.

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Daily Record

Inflation in UK hits 40 year high with more Scots households left struggling

Food and fuel prices are rising at their fastest rate in 40 years and many Scots are struggling to make ends meet.

WEKU

U.K. inflation rate hits a new 40-year high of 9.1%

The increase is in line with analysts' expectations and comes as the Bank of England says inflation could hit 11% in October, when a cap on domestic energy bills is lifted.

Daily Mirror

What 9.1% inflation means for your money - and five items rising fastest in price

UK inflation has hit 9.1% in further misery for struggling households as the cost of living crisis deepens in the UK. But what does high inflation mean?

Daily Mirror

UK inflation hits 9.1% in new 40-year high as cost of living crisis deepens

The consumer prices index (CPI) measure of inflation rose in the 12 months to May to 9.1% - its highest level since 1982, as the cost of living crisis continues

The Guardian - UK

UK inflation rises to fresh 40-year peak of 9.1% as cost of living crisis worsens – as it happened

Higher food, energy and record petrol prices push up inflation in May, as bread, cereal and meat become more expensive

The Guardian - UK

Brexit is making cost of living crisis worse, new study claims

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation

Benzinga

GPB Looks Cheap - But For Good Reason

I’m tempted to look at a higher time frame chart of GBP/USD and say it looks cheap. Whether the pound has fallen due to the flash crash or COVID-19 concerns, buyers have always been quick to snap up GBP/USD anywhere between 1.24 and 1.16 levels. That might ultimately hold out…

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