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The Latest Breaking News from Bank of England

Rishi Sunak warns next months of cost of living crisis ‘will be tough’

Pressure on chancellor to act as inflation hits a 40-year high with soaring energy bills pushing Consumer Prices Index to nine per cent in April

Evening Standard

House prices hit new record but growth expected to slow

The rate of growth will slow by the end of 2022, Halifax said.

The Independent UK

REDIRECTED Will rising interest rates cause UK house prices to fall?

Many experts are predicting a slowdown in price growth later this year, explains Ben Chapman

The Independent UK

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The Bank of England can’t save people from this cost of living crisis – that’s Boris Johnson’s job

Faced with the the biggest inflation rise in 40 years, the Bank must do more than berate workers, says Sahil Dutta, lecturer in political economy

The Guardian - UK

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

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?

The Independent UK

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

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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

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

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

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Bristol Post

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

Chronicle Live

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"

Daily Mirror

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

Evening Standard

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.

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Wales Online

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

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.

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

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