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The Latest Breaking News from Bank of England

In the red: loan defaults rise as cost of living crisis bites

One in 12 using unregulated borrowing services to cover everyday spending

The Independent UK

Martin Lewis' warning over rising inflation

Inflation has risen by 6% over a 12-month period, the ONS has revealed. Although the Bank of England expects it to fall again in the coming years, money expert Martin Lewis has a warning for consumers...

Manchester Evening News

Martin Lewis' warning over inflation rising

Inflation has soared to a 30-year high. The Bank of England expects it to fall again in the coming years - but Martin Lewis has a warning about what that will mean for consumers...

Chronicle Live

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Halifax apologises after wrongly telling customers base rate had changed

Customers of Halifax and Lloyds Bank, which is in the same banking group, were affected by the error.

The Independent UK

Bank of England poised to ramp up interest rates as inflation bites

TWITCHY central banks are poised to aggressively hike interest rates this week in a bid to combat soaring inflation, but they risk plunging already wobbly economies into recession say experts.

Evening Standard

UK interest rates over time - When were mortgage rates at their highest?

Mortgage rates reached an all time high in 1998

Wales Online

Boris Johnson sounds alert over mortgage payment hikes as cost of living crisis grows

Millions of families have been warned that their mortgages could rise even further if Britain is hit by an inflationary spiral.

Evening Standard

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How the Bank of England base rate rise will affect you as inflation predicted to rise to highest level

Will the Bank of England rate change affect you?

Manchester Evening News

More Universal Credit and council tax changes to be aware of

After April brought a raft of price hikes, there are more changes impacting the cost of living coming this month

Liverpool Echo

‘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

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

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Edinburgh Live

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

The Guardian - UK

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

Chronicle Live

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.

Wales Online

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

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Nottingham Post

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

Transactions could be rejected

Daily Record

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.

Manchester Evening News

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

Liverpool Echo

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

Time is running out for cash users to spend their notes

Daily Mirror

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

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

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