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The Latest Breaking News from Bank of England

‘I can’t see it getting any better’: could the UK be heading for a recession?

Small business owners are already being hit as consumers cut back on non-essentials

The Guardian - UK

From Universal Credit to Sky bills - Six money changes coming in May

Some important financial changes will be made in the month of May

Chronicle Live

Six money changes coming in May - including Universal Credit and higher interest rates

April brought a huge raft of bill increases including a huge hike to energy bills, as the cost of living crisis deepened. But what does May have in store for families? We explain all the changes

Daily Mirror

From analysis to the latest developments in health,
read the most diverse news in one place.

The global stagflation shock of 2022: How bad could it get?

The double blow of pandemic and war has caused inflation to surge and growth to slow around the world. But experts do not expect a return to the 1970s

Financial Times

Bank of England ‘duty bound’ to trigger recession to curb inflation

Ex-official says policymakers must shrink the UK economy to limit upward pressure on prices made worse by Brexit

The Guardian - UK

Warning to shoppers using cash to pay in ASDA, Tesco, Home Bargains, Aldi and Morrisons

Edinburgh Live

Economic downturn likely, the Institute of Directors warns

Cost of living crisis, inflationary pressures and uncertainty about Ukraine mean the UK’s pandemic rebound is running out of steam

The Guardian - UK

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Cash warning issued to shoppers in ASDA, Tesco, Home Bargains, Aldi, Morrisons, M&S & Lidl

Shoppers wishing to pay with £20 or £50 notes have been warned about in-store spending as of September.

Chronicle Live

Warning issued to anyone using £20 and £50 notes in supermarkets and retailers

A change is coming in that will effect people using these notes

Wales Online

Asda, Aldi, Lidl, Tesco and Morrisons shoppers issued warning over using cash for their shopping

Transactions could be rejected

Nottingham Post

How to exchange old banknotes before they expire as warning issued to shoppers

From September, shops like Tesco, Asda, Aldi and M&S and Morrisons will no longer accept paper banknotes.

Daily Record

Warning issued to anyone who still uses cash to pay in ASDA, Tesco, Home Bargains, Aldi, Morrisons, M&S and Lidl

Shoppers who use £20 or £50 notes have been given a six month warning

Manchester Evening News

Bank of England warning to anyone who uses £20 or £50 notes

Time is running out for cash users to spend their notes

Liverpool Echo

Warning to anybody who still uses paper £20 and £50 notes as deadline approaches

The notes are being replaced with the new polymer £20 notes featuring J.M.W. Turner, and polymer £50 notes featuring Alan Turing, which will be even harder to counterfeit

Daily Mirror

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news in one place.

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Chronicle Live

Time running out to spend paper £20 and £50 notes as they cease to be legal tender

The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after September 30.

Bristol Post

Paper £20 and £50 notes to become void in matter of months

Cash users will have just six months before the banknotes will no longer be valid

The Guardian - UK

Halifax tempts savers with special £1.35m prize draw

June promotion will include 10 top prizes of £100,000 rather than the usual three

Daily Mirror

Cost of living crisis dragging country into recession - and seven steps to avoid it

When asked by YouGov about their economic expectations for the coming year, most people reported that their hopes had never been lower. The country is facing an economic crisis

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news in one place.

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The Guardian - UK

IMF warns Russia-Ukraine war will have ‘severe economic consequences’ for Europe – as it happened

IMF slashes growth forecasts for Europe, as pound falls 1.1% to 18-month low after sharp retail sales decline and April PMIs point to much weaker speed of recovery across UK economy

The Guardian - UK

Bank of England policymaker says rates could rise again in May

Catherine Mann argues that soaring energy and food prices will persist even if consumer demand weakens

Evening Standard

Bank angers City with 9% leap in fees for crypto

THE Bank of England is asking City firms for a 9% rise in fees this year so it can pay to look into new risks such as cryptocurrencies.

The Independent UK

Prince Edward and Sophie Wessex cancel part of Caribbean royal tour as country removed from itinerary

The royal couple had been due to visit Grenada as part of the trip

The Guardian - UK

Elon Musk secures $46.5bn as he prepares hostile bid for Twitter – as it happened

Tesla boss could take his takeover offer directly to shareholders, bypassing the Twitter board, as World Bank chief warns of ‘human catastrophe’ from food crisis

Reuters

G20 members condemn Russia's war in Ukraine, after Yellen and others stage walkout

Top officials from Britain, the United States and Canada walked out on Russia's representatives at a Group of 20 meeting on Wednesday and many members spoke to condemn Moscow's war in Ukraine, exposing deep divisions in the bloc of major economies.

Reuters

UK, U.S. and Canada left G20 meeting when Russia spoke, UK says

Britain's delegation to a meeting of top Group of 20 finance officials in Washington, including Bank of England Governor Andrew Bailey, walked out in protest at Russia's participation, a British finance ministry spokesperson said on Wednesday.

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