The Latest Breaking News from Bank of England

They have been given a six-month warning ahead of the deadline for using certain paper notes in stores

Thinktank calls for urgent £25-a-week UC uplift and £250 one-off payment to cushion poorest from inflation

By Neil Debenham To say 2022 has been a tumultuous year so far would be nothing short of an understatement. The cost of living is soaring, inflation is at its highest level in 30 years and the energy price cap rose by 54% at the start of April. 

The 1970s Bear Market Analog  On Saturday, ZeroHedge reported that Wall Street's most accurate analyst, Bank of America's chief investment strategist Michael Hartnett, sees a strong parallel between our current market environment and the bear market that occurred during the 1970s:

Expert sounds warning as Bank of England economist says inflation ‘uncomfortably high’ amid cost of living crisis

Sterling’s recent tumble is just the latest in a saga of painful episodes for successive UK governments. During the post-war era of “fixed but adjustable” exchange rates, British politicians were regularly faced with the terrifying risk of a currency devaluation. Poor underlying competitiveness left successive administrations facing severe trade deficits.…

Economic forecasting is a mug’s game.

The British Chamber of Commerce want an immediate VAT cut and a reversal of recent National Insurance rises in an emergency snap budget

Worries over global growth hit stocks and metals prices, and the pound falls again