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The Latest Breaking News from Bank of England

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

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

Daily Mirror

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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.

The National (Scotland)

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.

Evening Standard

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

The Guardian - UK

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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

Evening Standard

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 Independent 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 Guardian - 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

The Independent UK

Warning over 'apocalyptic' food prices and 'income shock' from energy costs

The Governor of the Bank of England said he felt 'helpless'

Wales Online

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The Guardian - UK

‘Apocalyptic’ food prices will be disastrous for world’s poor, says Bank governor

Bank of England’s Andrew Bailey blames UK’s highest inflation rate for three decades on Russia-Ukraine war and Covid

The Independent UK

Bank of England chief warns over ‘apocalyptic’ food price rises

Governor Andrew Bailey said he felt helpless as he defended the Bank’s monetary policy despite soaring inflation.

Daily Record

UK faces 'apocalyptic' rise in food prices, warns Bank of England governor

The war in Ukraine will lead to major problems with food supplies across the world, a bank chief warned today.

Daily Mirror

Bank of England governor gives 'apocalyptic' warning about food prices due to Ukraine war

Andrew Bailey, the governor of the Bank of England, said he sounded 'rather apocalyptic' about the risk of foods like wheat and cooking oil being produced in Ukraine but unable to get out

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news in one place.

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Evening Standard

Bank of England governor sounds ‘apocalyptic’ warning on food shortages due to Vladimir Putin’s invasion of Ukraine

The Bank of England governor sounded an “apocalyptic” warning on Monday over looming food shortages caused by Vladimir Putin’s invasion of Ukraine.

The Independent UK

Bank of England governor warns of ‘apocalyptic’ impact of global food prices

Andrew Bailey admits UK is in a ‘bad situation’ and faces potentially ‘apocalyptic’ food-price increases, as he’s grilled by MPs

Wales Online

Inflation set to hit nine per cent this week - what it means for you

There is no let up in sight in the cost of living crisis

Daily Mirror

What 9% inflation means for you - as gas, hotels and food top list of rises

As Bank of England governor Andrew Bailey prepares to go before the Treasury Select Committee to discuss whether the UK is about to dip into a recession, economists have forecast the cost of living to hit another high this week

The Guardian - UK

Europe’s growth forecast cut as Ukraine war drives up inflation; diesel price hits record – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Tory MPs to grill Bank of England governor over high inflation

Andrew Bailey’s appearance at select committee will come amid work from chancellor to find new ways to ease cost of living

The Independent UK

What the papers say – May 15

Sunday’s papers are led by cost of living and budgeting woes.

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