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The Latest Breaking News from Bank of England

Is it time for Britons to accept they are poorer?

The Bank of England’s chief economist has come under fire for urging British people to accept they are poorer.

The Week

‘People can’t just get used to it’: Wolverhampton reacts to Bank of England comments

Local authority with highest fuel poverty rate in England is angry at economist’s comment Britons ‘need to accept’ being worse off

The Guardian - UK

'Keep Calm and Carry On' has turned into accept 'we're all worse off' for Brits—and they're furious

The nation known for its stiff upper lip is refusing to accept it's getting poorer, the chief economist at its central bank said.

Fortune

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The Bank of England is wrong again: workers aren’t to blame for inflation

Why should we ‘accept we’re worse off’, when corporate greed and global shortages are really to blame, asks James Meadway of the Progressive Economy Forum

The Guardian - UK

Carol Vorderman's scathing 'gaslighting us all' response to top banker's claim we all have to accept we're poorer

The 62-year-old presenter, who is currently appearing on I'm A Celebrity... South Africa, criticised Bank of England chief economist Huw Pill

Wales Online

Expert rips apart Bank of England economist's 'accept being poorer' claim

THE claim by the Bank of England's top economist that people in the UK need to accept they are poorer is part of a “conspiracy is against working…

The National (Scotland)

Choice of mortgage deals tops 5,000 but some rates have climbed higher

The average standard variable rate is at its highest since February 2008, Moneyfacts said.

The Independent UK

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Households 'need to accept' they're poorer, says Bank of England economist

HOUSEHOLDS and businesses across the UK “need to accept” they are poorer and stop looking for pay increases and pushing prices higher, a chief…

The National (Scotland)

Brits must accept they're poorer and stop demanding pay rises says Bank of England chief

Chief economist Huw Pill said there was a game of 'pass the parcel' taking place over the economic pain - and said workers asking for higher pay and firms putting up prices were fuelling inflation

Daily Mirror

Households should ‘accept’ being poorer, Bank of England’s top economist says

Huw Pill said workers asking for higher pay and shopkeepers putting up prices is ‘self-defeating’ as it fuels inflation

The Independent UK

Britons ‘need to accept’ they’re poorer, says Bank of England economist

Chief economist Huw Pill says workers and firms should stop trying to pass on rising costs by hiking prices or demanding better wages

The Guardian - UK

Bank of England deputy governor: Pandemic support isn’t to blame for inflation

Broadbent pointed to supply chain disruption and the War in Ukraine as the factors that best explain the cost-of-living crisis

Evening Standard

UK inflation will fall rapidly, says ex-Bank of England economist

‘Pretty much nailed on’ that the rate will halve in next six months, according to Andy Haldane

The Guardian - UK

Banks could be FORCED to up interest rates for savers under new rules

Banks have been slammed over the last year for their slow response in increasing their interest rates for savers alongside the Bank of England rises

Daily Mirror

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The Guardian - UK

How can the UK tackle double-digit inflation?

The Bank of England has so far failed to return the annual rate to its 2% target – so what are the options?

The Guardian - UK

Bank of England predicted to raise interest rates one more time in May

Increase to 4.5% will be last rise in current cycle, former rate-setter Michael Saunders predicts

Daily Mirror

Cost of living 'nightmare' to get even worse for families - 9 vital questions answered

The Office for National Statistics said we last month paid 19% more on a weekly shop, the highest since 1977. Some items have gone up seven times faster than average wages

The Guardian - UK

Inflation surprise makes Bank of England rate rise almost a certainty

Annual rate still above 10% as grocery prices soar, leaving MPC on course for another increase

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Insider UK

Inflation slows slightly, but food prices rise at fastest rate for 45 years

The continued high level of inflation is likely to keep pressure on the Bank of England regarding interest rates

Daily Record

How inflation drop to 10.1% will impact your household budget, savings and mortgages over next few weeks

Inflation remains higher than experts predicted as food and drink prices continue to soar.

Asharq Al-Awsat

UK Inflation, Highest in Western Europe, Falls Only a Little in March

Britain now has Western Europe's highest rate of consumer price inflation after it fell by less than expected in March to 10.1% in March from February's 10.4%, official data showed on Wednesday. Economists polled by Reuters had forecast that the annual CPI rate would drop to 9.8% in March, moving…

Evening Standard

Wages failing to keep pace with price rises for 15th month in a row

While wages have been rising over recent months, they have failed to keep pace with prices

Insider UK

Global economy not on the cusp of another 2008 - Bank of England governor

The UK’s economy showed no growth in February, narrowly avoiding a recession despite decades-high inflation

The Guardian - UK

Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened

Latest GDP report shows that civil service and teachers’ strikes held back service sector growth, leading to no growth in February

The Independent UK

Economist who lambasted Brexit and Liz Truss joins Bank of England

New member of Bank’s Monetary Policy Committee believes ‘Brexit is bad for the UK’

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