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The Latest Breaking News from Bank of England

Austerity has its own life – here's how it lives on in future generations

Austerity in the UK is here to stay. The Bank of England has warned that the country is facing the longest recession since records began, predicting that the economic slump will extend well into 2024. At the same time, the most recent budget has been called austerity 2.0 by companies,…

The Conversation

Scots worried about soaring mortgage rates as demand for advice on bills rises

Scots on fixed rate deals that expire next year are likely to be hit by much higher interest rates

Daily Record

UK inflation will fall in 2023 but energy bills and taxes will rise as house prices drop. Happy new year

Britain’s recession, however, will be relatively mild, although such forecasting is a mug’s game

The Guardian - UK

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Predictions for 2023 to take some of the stress out of household budgeting

Last year may have been bad, but at least we know what to expect in the coming months

The Guardian - UK

2023 set to be 'year of recession', expert says

The cost of living crisis wrought havoc in 2022, but 2023 is not expected to be much better

Wales Online

As the UK falls into a recession that could soon swallow Europe, this town offers clues on England's cost-of-living nightmare

Prices quietly surged in this small town in the United Kingdom. Then it became the epicentre of a cost-of-living crisis.

ABC News

UK households can get free cash worth up to £2,000 in New Year

There are several schemes that could help you get some extra cash. The Bank of England has shared that UK households lose £740 on average every Christmas by overspending.

Nottingham Post

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20 key money dates and changes coming in 2023 - see how they affect your wallet

To help you prepare for a hopefully better 2023, we've rounded up all the key financial dates and changes for you to mark in your diary - take note now of all the updates to come

Daily Mirror

New mortgage borrowers set to pay thousands more for a home loan

Bank of England base rate increases have pushed up mortgage costs for new borrowers and those on variable rates over the past year

The Independent UK

New mortgage borrowers could end up paying thousands more for a home loan

Bank of England base rate increases have pushed up mortgage costs for new borrowers and those on variable rates over the past year.

The Independent UK

Experts predict housing market will cool in 2023 as UK enters a recession

The slowdown is expected to intensify with price declines between 5% and 12%

The Guardian - UK

The Edinburgh businesses we lost in 2022 as cost of living causes wave of closures

Since the beginning of 2022, a wave of Edinburgh businesses have been forced to close their doors, with many others speaking out on the severe struggles they continue to face.

Edinburgh Live

King Charles banknotes: when will the new notes enter circulation?

King Charles and Queen Elizabeth II are the only two monarchs who have appeared on UK banknotes

Evening Standard

UK property sales figures remain slightly higher than pre-pandemic levels

Across the UK, an estimated 107,190 house sales took place in November.

Evening Standard

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The Independent UK

House sales remain slightly higher than pre-pandemic levels

Across the UK, an estimated 107,190 house sales took place in November.

The Guardian - UK

London tops Rightmove searches as pandemic interest in Cornwall fades

Chronicle Live

King Charles III banknotes revealed by Bank of England - and when you can get one

The King’s image will appear on the front of all four polymer banknotes, however notes carrying a portrait of Queen Elizabeth II still remain legal tender

Evening Standard

King Charles shown on Royal Mint bank notes for the first time but will not appear until 2024

The new notes will replace those featuring Queen Elizabeth II

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Liverpool Echo

Bank of England shares first look at new King Charles III bank notes

The new bank notes have been unveiled but when and where should you change old bank notes

The Independent UK

King Charles III bank notes unveiled by Bank of England

King Charles III is only the second monarch to appear on British banknotes

Wales Online

King Charles III banknotes design unveiled by Bank of England

The new notes are expected to enter circulation by mid-2024

Daily Mirror

First pictures of King Charles III banknotes - and when they will be released

New-look banknotes showing the portrait of King Charles III have been shared by the Bank of England for the first time - but the eco-conscious monarch wants them to enter circulation slowly

The Guardian - UK

King Charles III bank note designs revealed by Bank of England

Monarch’s portrait on £5, £10, £20 and £50 likely to enter circulation in 2024

Evening Standard

City bankers could receive unlimited bonuses as Bank of England pay consultation begins

City bankers may soon be able to receive unlimited bonuses after the Bank of England today announced plans for a consultation on scrapping the so-called ‘bonus cap’.

The Guardian - UK

Call for wealth tax as UK billionaire numbers up by 20% since pandemic

‘Sudden explosion of billionaire wealth’ at the expense of the rest of society is ‘grossly unjust’, says new report

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