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The Latest Breaking News from Bank of England

Post Office braces for rush to change old banknotes before deadline this week

Friday is last day that paper £20 and £50 banknotes have legal tender

The Independent UK

Mortgage borrowers could see monthly bills climb higher

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

The Independent UK

Bank of England warning as shoppers have just days left to use paper notes

The final countdown is on

Nottingham Post

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Liz Truss: Tory MPs sending no-confidence letters over fears she will ‘crash the economy’, says ex-minister

‘Liz is f*****’, says former minister in Boris Johnson government

The Independent UK

Pound hits all-time low in backlash at Kwasi Kwarteng’s tax cuts

Pound crashes to its lowest level against the dollar since 1971

Evening Standard

Bank of England faces growing pressure for emergency rate rises as bond yields jump

Pound falls to lows not seen in a generation as confidence in UK governments tax plans plummets on global markets

Evening Standard

Holiday money: How to stretch your sterling as value of pound plunges

The pound has lost 25% of its value against the US dollar and many other currencies so far this year

The Independent UK

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Why has the pound hit a record low?

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

The Independent UK

Post Office expects surge in paper banknote deposits this week before they are no longer legal to use

Paper £20 and £50 notes will stop being legal tender after September 30.

Daily Record

Holidays, spending and benefits? What the pound hitting a record low means for Britons

Sterling plunged to a record low just days after Kwasi Kwarteng's mini-budget was set out

Manchester Evening News

What a weak pound means for your money as Sterling hits all-time low against US dollar

The pound plunged by more than 4% to $1.0327 in early Asia trade today - its lowest level since the decimalisation of the currency in 1971 - but what does this mean for you?

Daily Mirror

Why the strength of the pound falling is very bad news for you

Energy prices and food will get even more expensive - there has already been a warning on beer costs

Wales Online

Pound’s plummet underlines schoolboy error by Kwasi Kwarteng

Chancellor added to market worries by pledging further tax cuts in full budget planned for later this year

The Guardian - UK

Tax-cut plan pulls British pound to 40-year low against US dollar

The pound trades against the dollar at levels last seen in the early 1980s as the UK struggles to fight inflation.

Al Jazeera

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France 24

British pound hits record low against US dollar, prompting recession fears

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.

The Guardian - UK

What does the pound’s slump mean for the UK and its consumers?

How the currency crisis affects imports, prices, investors and the Bank of England

Wales Online

Pound hits record low against the US dollar as markets lose faith in UK government

In early Asia trade, sterling fell close to $1.03 before regaining some ground and stood at $1.06 on Monday morning (September 26), UK time

The Guardian - UK

The Kwarteng plan puts at risk the very poorest people in the UK – and growth

The government’s policy approach risks stagflation. It is making history for all the wrong reasons, says economist Mohamed A El-Erian

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The Guardian - UK

Sterling slides back towards record low as Bank of England and Treasury fail to reassure markets – as it happened

Bank of England says it ‘will not hesitate’ to change interest rate but appears to be trying to squash expectations of an emergency rise

The Guardian - UK

Post Office prepares for deposit rush of paper £20 and £50 notes before deadline

Friday is last day Bank of England’s old-style notes will be legal tender, having been replaced by polymer versions

Wales Online

Average price of a home jumped £2,587 in September, says Rightmove

Asking price of property coming onto the market in the UK is now £367,760 with growth driven predominantly by middle and high-end market sectors

Wales Online

Post Office prepared for rush of customers depositing paper £20 and £50 banknotes

Last minute dash to pay in old notes before they are banned in shops or to pay businesses

The Independent UK

‘A matter for the Bank of England’: Liz Truss refuses to discuss if UK in recession

Chancellor Kwasi Kwarteng also claims he can’t comment on ‘market movements’ following pound’s plunge

The Guardian - UK

Pound hits all-time low against dollar after mini-budget rocks markets

Odds of sterling hitting parity with dollar jump, as analysts say UK bond market ‘getting smoked’ by giveaway

Evening Standard

Liz Truss facing party pressure amid fears over pound slump

The pound’s value has dropped almost eight per cent against the US dollar in the past month

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