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The Latest Breaking News from Bank of England

Four more rate hikes this year, warns City as inflation takes toll

THERE will be at least four more interest rate rises this year and a surge of insolvencies as inflation takes its toll on an increasingly shaky UK economy.

Evening Standard

Interest rates: What are they and how do they affect inflation?

The Bank of England has raised interest rates to their highest level in 13 years

The Independent UK

How to cope with the rising cost of living

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 Independent UK

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Britain’s inflation rate surges to a 40-year high of 9%

UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

Bangkok Post

What is inflation and what is its current rate in the UK and Europe?

UK inflation fell this week as fuel prices dropped

The Independent UK

Welsh police detective says she has to borrow money from her mum to make ends meet

She has confronted Home Secretary Priti Patel about her struggle to survive

Wales Online

Inflation hits 40-year high of 9% as cost of living crisis deepens

Prices rose at the fastest rate since 1982 in April as the energy price cap jumped and the price of fuel soared

Evening Standard

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UK inflation hits 40-year high of 9% as cost of food and energy rockets

Spiralling inflation, fuelled by rising petrol and food prices, is hitting the pockets of UK households with the invasion of Ukraine being blamed for rising oil prices

Daily Mirror

Poorest UK households facing highest inflation rates as cost of living crisis deepens – as it happened

UK inflation hits 9%, its highest level since 1982, with food inflation highest since 2011

The Guardian - UK

Cost of living outpacing wages as salaries fall by biggest amount in a decade

Real terms regular pay fell by nearly two per cent in March alone

Bristol Post

M&S boss warns shoppers over 'apocalyptic' rising cost of food

The Governor of the Bank of England, Andrew Bailey, described soaring living costs as "apocalyptic"

Chronicle Live

Apocalyptic food prices: Why cost of food is soaring and how to deal with it at home

The Bank of England chief has issued a stark warning about incoming food shortages due to global events, which is resulting in the danger of 'apocalyptic' prices

Daily Mirror

Pound jumps as jobs data fuels interest rate bets

THE pound rallied hard today as markets bet that interest rates are now certain to quickly go higher.

Evening Standard

Price of food could go up 10% this year says M&S boss

Wales Online

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Daily Mirror

Food prices could rocket by 10% this year for struggling Brits, M&S chief warns

M&S chairman Archie Norman said a 10% rise won't be surprising after a warning of 'apocalyptic' food price rises came from the governor of the Bank of England, Andrew Bailey

The National (Scotland)

Tory minister 'surprised' to hear about 'apocalyptic' rise in food prices

A TORY minister has claimed he is “surprised” to hear an “apocalyptic” warning about increases in food prices from the governor of the Bank…

The National (Scotland)

Scotland's unemployment rate drops to record low, new figures show

SCOTLAND’S unemployment rate has fallen to the lowest level on record, new figures show.

Evening Standard

Minister ‘surprised’ at Bank of England’s ‘apocalyptic’ food shortage comments

A Cabinet minister has rebuffed Bank of England Governor Andrew Bailey after he sounded an “apocalyptic” warning over looming food shortages caused by Vladimir Putin’s invasion of Ukraine.

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The Guardian - UK

Pound jumps as UK unemployment falls to lowest since 1974, but basic pay lags inflation – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Millions of workers seeing real terms pay fall ‘sharply’ as inflation bites

The squeeze is set to get worse as the Bank of England has forecast that inflation may rise into double figures later this year

The Independent UK

Sir John Major says ‘help must come’ from government over cost of living

‘Penniless’ people of Britain would lose trust in state if financial aid is not forthcoming, he says

The Guardian - UK

Bailey sets alarm bells ringing while barely mentioning the B-word

As the Convict hoped for a fudge in Northern Ireland, the Bank of England governor explained how screwed the economy is

The Independent UK

‘Think and reflect’ before seeking pay rise, says £575,000-a-year Bank of England chief

‘It’s a societal question but I am not preaching about this’ says governor Andrew Bailey

The Independent UK

Bank of England governor rejects criticism on inflation

Bank of England Gov. Andrew Bailey has rejected criticism that the institution didn’t move quickly enough to quash inflationary pressures

The Independent UK

Boris Johnson vows unilateral action in Brexit row, despite warnings of trade war with EU

Promise of legislation on Northern Ireland protocol fails to break power-sharing deadlock

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