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The Latest Breaking News from Bank of England

Full list of banks and lenders pulling mortgage deals as markets panic over the pound

Several banks and building societies are withdrawing or tweaking their mortgage deals for new customers due to concerns over rising base rate, which will push up homeloan costs

Daily Mirror

What is inflation and what is its current rate in the UK and Europe?

UK inflation fell this week as fuel prices dropped

The Independent UK

Scots face huge mortgage payments as UK interest rates expected to jump

The Tory policy of cutting taxes for the rich has caused a sharp drop in the value of the pound - and interest rates could rise as a result.

Daily Record

From analysis to the latest developments in health,
read the most diverse news in one place.

UK mortgages: ‘next 10 days crucial’ in how much rates rise

Building society chief responds after stock market fell and pound plunged in wake of Kwarteng’s mini-budget

The Guardian - UK

Markets treating UK like ‘developing country’ after Kwarteng budget, warns ex-US Treasury chief

Current turmoil ‘hallmark of situations where credibility lost’, says Larry Summers

The Independent UK

Sterling recovers after dramatic fall but remains at historic low

After statements from the Bank of England and the UK Finance Minister Kwasi Kwarteng on Monday, the British pound recovered slightly on Tuesday morning but remained at its lowest level in decades against the dollar. All eyes will now be on the UK central bank's November meeting and a potential…

France 24

DWP's list of payments and money changes due this week

Those on Universal Credit, Personal Independence Payment and Attendance Allowance will be impacted

Manchester Evening News

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The dollar is surging. This is who gets helped - and hurt - by its newfound strength

The U.S. dollar is the strongest it has been in 20 years. As it strengthens, other currencies — like the pound — weaken. That's good news for U.S. consumers and importers but bad news for others.

WEKU

King Charles III banknote revealed by end of year - but when will it start being used?

The Royal Mint confirmed the new banknote depicting King Charles III will be unveiled by the end of the year but it will not be used at the checkouts for several years

Daily Mirror

Bank of England struggles to win confidence of markets

City Comment: If you aren’t nervous, you aren’t paying attention

Evening Standard

Pound to dollar: Why is the sterling so weak?

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget

The Independent UK

Pound stabilizes but turmoil continues for UK economy

The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy

The Independent UK

Lenders withdraw mortgages from sale following mini-budget market turmoil

Virgin Money, Halifax and Skipton are among lenders to take some of their products off the market

Birmingham Post

Royal Mint says coins and banknotes featuring portraits of the King and Queen Elizabeth II will co-circulate

New banknotes featuring King Charles III are expected to enter circulation by mid-2024.

Daily Record

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news in one place.

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The Independent UK

Kwasi Kwarteng said ‘who cares if Sterling crashes?’ after Brexit, report claims

Brexiteer MP overheard talking about markets on night of 2016 referendum vote

Chronicle Live

King Charles coins and banknotes arrive in 2024 and will co-circulate with Queen's currency

The Bank of England has announced what will happen to coins and notes with Queen Elizbeth II's face on and how the new banknotes will look

Bristol Post

DWP payments and money changes this week

From a Cost of Living disability payment and Household Support Fund, to the deadline for trading in your paper £20 and £50 notes

Manchester Evening News

Mortgages could get more expensive by the end of the week

It comes as the pound dropped to a record low on Monday

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news in one place.

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Daily Mirror

Everything you need to know after pound hit all-time low against US dollar

The pound has hit a record low after sweeping tax cuts were announced by the chancellor on Friday. Here we explain some of the reasons behind the fall and how it affects households and businesses across the country

Evening Standard

FTSE Live: Pound steadies, FTSE 100 closes below 7,000 for first time in 6 months

The pound has fought back from record lows touched in reaction to Kwasi Kwarteng’s tax-slashing mini budget, while according to opening calls, the FTSE 100 is expected to make modest opening gains, after managing a small overall rise by the end of the previous session.

The Guardian - UK

UK warned ‘significant’ rate rise is coming, as calls for mini-budget U-turn rise - as it happened

BoE chief economist Huw Pill says Bank should wait until next scheduled meeting in the first week of November rather than respond through an emergency rate hike

The Guardian - UK

Tuesday briefing: Three scenarios for the British economy after the pound slumps

In today’s newsletter: The Guardian’s special correspondent Heather Stewart talks us through the best, worst and most likely result of another chaotic day in the money markets

Evening Standard

Pound steadies but Kwasi Kwarteng faces massive market turmoil

The pound steadied in early trading in Asian markets on Tuesday as it climbed to $1.07 just before 6am

The Guardian - UK

What is Kwasi Kwarteng really up to? One answer: this is a reckless gamble to shrink the state

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity, says Adam Tooze, an economic historian at Columbia University

Wales Online

Kwarteng faces market turmoil after sterling's disastrous day

New survey puts Labour party 17 points ahead

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