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The Latest Breaking News from Bank of England

Bank of England takes emergency action to prevent 'material risk' to economy

The Bank announced it was stepping in to buy Government bonds - known as gilts - at an "urgent pace" after fears over the Government's economic policies sent the pound tumbling and sparked a sell-off in the gilts market.

Daily Record

Bank of England begins emergency bond-buying as UK borrowing costs soar

Chancellor moves to reassure markets after his 'mini-budget' on Friday sent Sterling to an all-time low against the Dollar

Insider UK

Nicola Sturgeon speaks out as Tories land UK 'in grip of economic crisis'

THE First Minister of Scotland has demanded action from the Tory government, warning that the UK is in the “grip of a rapidly deteriorating…

The National (Scotland)

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Mortgage borrowers set to see bills climb higher amid concerns of emergency interest rate hike

A tracker mortgage is already about £210 per month more expensive on average than it was before base rate increases started last December.

Evening Standard

Bank of England forced to intervene to stabilise economy after Kwasi Kwarteng mini-Budget

The Bank of England on Wednesday made an emergency intervention to protect Britain’s “financial stability” after Kwasi Kwarteng’s shock mini-Budget.

Evening Standard

Bank of England makes emergency step to calm the panic about UK stability on world markets

The bank said: 'Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability'

Wales Online

Spending cuts made necessary by mini-Budget ‘could spell end of NHS’, top economist warns

Sir Charlie Bean, a former deputy governor of the Bank of England, said deep cuts would be needed to bring spending into line with GDP

Evening Standard

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Bank of England takes emergency action as UK enters 'financial crisis territory'

THE Bank of England has been forced to intervene in an attempt to avoid a full-blown financial crisis after Liz Truss’s government announced…

The National (Scotland)

Bank of England launches emergency programme to prevent 'material risk' to UK financial stability

The Treasury has said the Government will continue to 'work closely' with the Bank of England after the move was announced

Manchester Evening News

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

Bank of England launches bond-buying scheme to stave off 'material risk to UK'

The bank is taking action to protect the economy

Wales Online

Bank launches emergency intervention in markets after Kwarteng mini-budget

Bank of England takes urgent steps to buy long-dated UK government bonds

The Guardian - UK

Bank of England's emergency move to calm market chaos by buying UK government bonds

The UK's central bank said it is trying to get a grip on the country's worsening financial situation by buying up bonds in an attempt to bring down soaring interest rates

Daily Mirror

Bank of England announces emergency action to try to calm markets

Central bank tries to stave off ‘material risk to UK financial stability’

The Independent UK

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The Independent UK

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 Guardian - UK

Rebuke from IMF is a global embarrassment for Truss and Kwarteng

Will PM and chancellor ignore advice under mounting pressure, which is also coming from US and Germany?

Evening Standard

Big-name high street stocks caught in market turmoil as UK warned of economic ‘doom loop’

Greggs, Sainsbury, Ocado and Tesco alone lose £1 billion in market value as UK shares tumble

The Independent UK

Austerity cuts ahead could mean ‘end of NHS’, warns ex-Bank of England deputy

‘Fundamental rethinking’ of the state could lie ahead, says Sir Charlie Bean

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news in one place.

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The Independent UK

Warning house prices could fall by 15% as banks hike mortgage rates

Veteran mortgage broker says he has not seen market move in such a way since 2008 financial crisis

Evening Standard

IMF heaps pressure on Kwasi Kwarteng over tax cuts

Kwasi Kwarteng will step up efforts to reassure the City about his economic plans on Wednesday after the International Monetary Fund (IMF) criticised the measures and the Bank of England signalled sharp interest rate rises could be on the way. The Chancellor will meet investment banks following days of turmoil…

The Independent UK

Moody’s warns against Kwarteng’s ‘unfunded’ tax cuts after IMF intervention

Global ratings agency questions ‘credibility of government’s fiscal strategy’ in stinging statement

The Guardian - UK

World’s central banks financing destruction of the rainforest

Corporate bonds intended to inject liquidity into markets profited companies engaged in deforestation

The Guardian - UK

UK house prices predicted to drop by at least 10% in 2023

As lenders pull mortgage products amid interest rate turmoil, experts forecast ‘significant fall’

The Independent UK

IMF urges UK to "re-evaluate" tax cuts on inflation concerns

The International Monetary Fund has urged the U.K. government to “reevaluate” a package of unfunded tax cuts that it says may fuel inflation and are likely to increase economic inequality

Daily Mirror

IMF launches stinging attack on Kwasi Kwarteng tax cut plans in 'very serious' warning

Chancellor Kwasi Kwarteng spooked markets this week after delivering his Mini-Budget, with the pound plunging to an all-time low against the US dollar and mortgage deals being pulled

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