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The Latest Breaking News from Bank of England

Iceland becomes the first supermarket to cut prices depending how old you are

Iceland and its sister store The Food Warehouse are offering shoppers aged 60 and above money off their groceries every Tuesday to help those struggling with soaring costs

Daily Mirror

The graphs that show how dire the inflation crisis is

Cost-of-living is to get worse as inflation is expected to continue rising, Bank of England warns

The Independent UK

The Guardian view on fixing inflation: a reckoning with free markets is needed

Editorial: Tories say taxes must fall to curb inflation, even at the cost of a higher deficit. Labour should argue that public spending could be increased for the same reason

The Guardian - UK

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House prices for this type of property are soaring as demand rises

The latest Property Sentiment Index by OnTheMarket revealed how different property types performed over the past year, across the country

Daily Mirror

Welcome to the Everything Everywhere All At Once economy

Is this the Everything Everywhere All At Once economy? City Editor Oscar Williams-Grut thinks so, and he makes a compelling case.

Evening Standard

Inflation hits 40-year high: What was life like in Britain the last time things were so dire in 1982

Margaret Thatcher was PM, unemployment at its worst since the 1930s, the Falklands War broke out and ‘Come on Eileen’ was the year’s biggest-selling single

The Independent UK

With inflation now at a 40-year high, what can households expect next?

Britons are now being hit with price rises across most essentials such as energy, fuel, food and clothing, and more cost pain is on the horizon.

Evening Standard

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Soaring UK inflation makes action from Rishi Sunak a question of when, not if

Analysis: Chancellor has sought to deflect criticism by citing global factors but has hinted about support

The Guardian - UK

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

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

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The Independent UK

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

Bangkok Post

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.

The Independent UK

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

UK inflation fell this week as fuel prices dropped

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Wales Online

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

Evening Standard

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

Daily Mirror

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

The Guardian - UK

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

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

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