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The Latest Breaking News from Andrew Bailey

Thursday briefing: Why we don’t have to balance the books

In today’s newsletter: As inflation hits a 40-year high of 9%, Archie Bland explores the causes of the crisis, and the potential solutions left out of the debate

The Guardian - UK

Iceland becomes the first supermarket to cut prices depending how old you are

Iceland and its sister store The Food Warehouse are offering shoppers aged 60 and above money off their groceries every Tuesday to help those struggling with soaring costs

Daily Mirror

The graphs that show how dire the inflation crisis is

Cost-of-living is to get worse as inflation is expected to continue rising, Bank of England warns

The Independent UK

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The Guardian view on fixing inflation: a reckoning with free markets is needed

Editorial: Tories say taxes must fall to curb inflation, even at the cost of a higher deficit. Labour should argue that public spending could be increased for the same reason

The Guardian - UK

Millions closer to famine because of Putin’s invasion, say western officials

Russian leader accused of ‘weaponising’ global food supplies by targeting industry in Ukraine

Evening Standard

The Bank of England can’t save people from this cost of living crisis – that’s Boris Johnson’s job

Faced with the the biggest inflation rise in 40 years, the Bank must do more than berate workers, says Sahil Dutta, lecturer in political economy

The Guardian - UK

Britain’s inflation rate surges to a 40-year high of 9%

UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

Bangkok Post

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UK inflation hits 40-year high of 9% as cost of food and energy rockets

Spiralling inflation, fuelled by rising petrol and food prices, is hitting the pockets of UK households with the invasion of Ukraine being blamed for rising oil prices

Daily Mirror

Inflation hits all-time record high as cost-of-living crisis surges

New data from the Office for National Statistics has revealed the worrying figures

Manchester Evening News

Cost of living outpacing wages as salaries fall by biggest amount in a decade

Real terms regular pay fell by nearly two per cent in March alone

Bristol Post

M&S boss warns shoppers over 'apocalyptic' rising cost of food

The Governor of the Bank of England, Andrew Bailey, described soaring living costs as "apocalyptic"

Chronicle Live

Apocalyptic food prices: Why cost of food is soaring and how to deal with it at home

The Bank of England chief has issued a stark warning about incoming food shortages due to global events, which is resulting in the danger of 'apocalyptic' prices

Daily Mirror

Pound jumps as jobs data fuels interest rate bets

THE pound rallied hard today as markets bet that interest rates are now certain to quickly go higher.

Evening Standard

Price of food could go up 10% this year says M&S boss

Wales Online

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Daily Mirror

Food prices could rocket by 10% this year for struggling Brits, M&S chief warns

M&S chairman Archie Norman said a 10% rise won't be surprising after a warning of 'apocalyptic' food price rises came from the governor of the Bank of England, Andrew Bailey

The National (Scotland)

Tory minister 'surprised' to hear about 'apocalyptic' rise in food prices

A TORY minister has claimed he is “surprised” to hear an “apocalyptic” warning about increases in food prices from the governor of the Bank…

Evening Standard

Minister ‘surprised’ at Bank of England’s ‘apocalyptic’ food shortage comments

A Cabinet minister has rebuffed Bank of England Governor Andrew Bailey after he sounded an “apocalyptic” warning over looming food shortages caused by Vladimir Putin’s invasion of Ukraine.

The Guardian - UK

Pound jumps as UK unemployment falls to lowest since 1974, but basic pay lags inflation – as it happened

Rolling coverage of the latest economic and financial news

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Wales Online

'Apocalyptic' warning over food price rises due to Ukraine war

While there is food in storage in Ukraine, it can't be shipped out due to the war

The Independent UK

Sir John Major says ‘help must come’ from government over cost of living

‘Penniless’ people of Britain would lose trust in state if financial aid is not forthcoming, he says

The Guardian - UK

Bailey sets alarm bells ringing while barely mentioning the B-word

As the Convict hoped for a fudge in Northern Ireland, the Bank of England governor explained how screwed the economy is

The Independent UK

‘Think and reflect’ before seeking pay rise, says £575,000-a-year Bank of England chief

‘It’s a societal question but I am not preaching about this’ says governor Andrew Bailey

The Independent UK

Bank of England governor rejects criticism on inflation

Bank of England Gov. Andrew Bailey has rejected criticism that the institution didn’t move quickly enough to quash inflationary pressures

Wales Online

Warning over 'apocalyptic' food prices and 'income shock' from energy costs

The Governor of the Bank of England said he felt 'helpless'

The Guardian - UK

‘Apocalyptic’ food prices will be disastrous for world’s poor, says Bank governor

Bank of England’s Andrew Bailey blames UK’s highest inflation rate for three decades on Russia-Ukraine war and Covid

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