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The Latest Breaking News from Bank of England

Friday briefing: The grim reality of what happens to migrants after they leave detention

In today’s newsletter: As the home secretary visits the Manston asylum processing centre, this is what vulnerable asylum seekers face on entering in the UK

The Guardian - UK

Current mess and predicted 'two-year recession' all the fault of the Tories

It is time for people to sit up and take notice after the Bank of England imposes hike in interest rates, says Record View.

Daily Record

Chancellor weighs up rise in capital gains tax in bid to fix £50bn black hole

Jeremy Hunt is also considering an increase in dividend taxes, in a move that would come as a blow to entrepreneurs.

The Independent UK

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read the most diverse news in one place.

Jeremy Hunt ‘considering rise in capital gains tax’ to fix £50bn black hole OLD

Chancellor warns of ‘difficult decisions’ in fight to ‘restore stability’

The Independent UK

'Manchester Arena attack report adds anguish - but remember where responsibility lies'

Twenty-two people were killed when suicide bomber Salman Abedi detonated a homemade device in the foyer of Manchester Arena as crowds left an Ariana Grande concert five years ago

Daily Mirror

Qantas investors back Alan Joyce multi-million-dollar bonus, ASX gains after weak start

Qantas shareholders support big bonuses for executives including boss Alan Joyce, ASX regains lost ground, the Bank of England raises rates by the most in more than three decades.

ABC News

Why has the Bank of England hiked interest rates? All your questions answered

The Bank of England issued a gloomy warning that the economy could fall into eight consecutive quarters of negative growth if current market expectations prove correct

Daily Mirror

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Everything you need to know about today's Bank of England warning

The Bank of England have announced today that the UK is facing its longest recession since the 1920s, but what does that actually mean?

Liverpool Echo

Bank of England warns of longest recession in 100 years as it raises rates to 3%

UK economy faces ‘very challenging outlook’ with recession now expected to last until middle of 2024

The Guardian - UK

BT is feeling the squeeze as inflation clouds its future

Telecoms company warns of job cuts as cost pressures and energy bills threaten its financial plans

The Guardian - UK

Britain facing ‘prolonged pain’ as Bank says recession could stretch into 2024 OLD

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

The Independent UK

What does the latest interest rate hike mean for me?

Interest rates have gone up to 3% which means people, especially mortgage holders, will face higher borrowing costs.

Evening Standard

Who is Bank of England’s Governor, Andrew Bailey?

He announced the UK’s biggest interest rate rise in three decades today to curb soaring inflation

Evening Standard

'The Bank of England's 'incompetent' interest rates hike is dangerous for Britain'

Professor Richard Murphy, political economist and chartered accountant, says increasing interest costs will force hundreds of thousands (if not millions) of UK households into poverty

Daily Mirror

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The Guardian - UK

It may sound paradoxical, but Britain needs to spend its way out of recession

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

Manchester Evening News

Martin Lewis warns homeowners how much their mortgages could go up after interest rate rise

The consumer champion has given his expert advice to homeowners in the UK

Chronicle Live

Bank of England puts up interest rates to 3% - see how your mortgage will be affected

Homeowners are set to face higher mortgage bills as the Bank of England imposes biggest interest rate hike since 1989

Liverpool Echo

How much your mortgage could go up amid Bank of England interest rate hike

The central bank is aiming to ease inflation with the biggest rise in decades

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news in one place.

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Evening Standard

The Leader podcast: Mortgage and rent woe after Bank interest hike

Impact on homes after steepest rate rise since 1989

Manchester Evening News

What is a recession – explanation in full amid Bank of England warning

As the UK faces its longest recession since the 1920s, we explain what that actually means

Evening Standard

Biggest interest rate rise in decades as the Bank of England predicts longest-ever recession

Property price chat, Tube delays, torrential rain – this morning doled out a full house of London bingo. And then the Bank of England said ‘hold my £8.50 beer’.

Wales Online

Today's rate hike just added another £900 a year to a lot of people's mortgages

An average of £284 a month has been added since December 2021

Manchester Evening News

Why does rising interest rates help reduce inflation?

The Bank of England says it’s' better for everyone in the long run' to have low and stable inflation

Daily Mirror

Bank of England offers glimmer of hope on mortgages with 'lower than expected' forecast

Andrew Bailey today said interest rates "will have to go up by less than is currently priced in by financial markets" meaning "fixed rate mortgages should not need to rise as much as they have done"

Al Jazeera

Bank of England delivers biggest interest rate hike in 33 years

Central bank raises key rate to 3 percent, warns UK economy is in a recession that could last two years.

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