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The Latest Breaking News from Bank of England

Rural UK ‘particularly at risk’ of diesel shortages if Iran war continues

OECD forecast sets out economic risks from conflict, pointing to potential shortfalls to key energy products

The Guardian - UK

Global Market: BoE Governor Bailey stresses need to restore inflation credibility as price risks persist

Bank of England Governor Andrew Bailey emphasized maintaining public confidence in the 2% inflation target, rejecting calls to raise the goal despite current inflation exceeding projections. While acknowledging geopolitical impacts, he noted potential for energy shocks to be less persistent than feared, as market expectations for rate hikes remain cautious.

The Economic Times

Bank of England reveals which animals could feature on its new-look banknotes

People are being asked to give their views on a selection of wildlife, native to the UK, that will appear on the next series of notes.

Evening Standard

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Dolphins, foxes and butterflies among animals which could feature on new UK banknotes

The new designs will replace historical figures such as Winston Churchill, who have featured on banknotes since 2016

The Independent UK

UK mortgage approvals for house purchases surge to highest level in over a year

Economists are anticipating further interest rate increases later this year

The Independent UK

Home mortgage approvals jump to 15-month high, figures show

The Bank of England said in its Money and Credit report that 65,945 mortgage approvals for house purchases were recorded in April.

Evening Standard

Alphabet’s shares drop after announcing $80bn share sale, as AI threatens to drive up youth unemployment – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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UK banks still lack access to Mythos AI model, Bank of England governor says

Bailey, speaking to Bloomberg TV, said Anthropic was willing to share ‌the models on ⁠a ⁠trial basis but there appeared to be a political hold-up.

The Economic Times

Zero Distortion, True 1000FPS: Evnia and BOE Debut the World's First Native 1000Hz 1080p Gaming Monitor

HONG KONG, May 29, 2026 /PRNewswire/ -- A revolutionary breakthrough in global gaming display technology has arrived. Evnia, the premium gaming brand under Philips, together with display giant BOE, recently unveiled its new flagship benchmark at a technical launch event: the Evnia Native FHD IPS 1000Hz Eye-Care Gaming Monitor 25M4P5200T.The…

AAP

The establishment reaction to Andy Burnham’s rise is a sign of the fight to come

The old settlement will not politely bow out for its replacement – which is why progressives must take action on these three fronts, says Labour MP Clive Lewis

The Guardian - UK

Mark Carney warns against Alberta referendum vote, likening it to Brexit

Mark Carney, former Bank of England governor, has branded Alberta’s upcoming vote on an independence referendum a "dangerous bluff", likening it to Brexit. Carney warned that the UK is still grappling with the consequences a decade after the 2016 Brexit vote, stating people are "still 10 years later trying to…

The Independent UK

UK's FTSE 100 snaps four-week losing streak as rate hike fears ease

UK's FTSE 100 index is poised to end a losing streak, buoyed by softer inflation and rising unemployment data that eases pressure for a Bank of England rate hike. Retail sales saw their steepest fall in nearly a year, adding to concerns about consumer spending amid global and domestic challenges.

The Economic Times

High hopes dashed: UK cost-of-living woes snare PM Starmer

Britons are unhappy with Prime Minister Keir Starmer's government. Cost of living worries are high. Economic problems persist since 2008. Recent global conflicts have worsened inflation. Food and fuel prices have increased significantly. Government measures aim to ease the burden. Slow productivity growth is a long-term challenge. Voters may lack…

The Economic Times

Andy Burnham latest: Vote for me is a vote to change Labour, Manchester mayor tells Makerfield as he unveils slogan

Recent polling has shown that Mr Burnham would comfortably win among Labour members in a leadership contest

The Independent UK

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Evening Standard

We may have cut interest rates twice this year if not for Iran war – Bank chief

Bank of England governor Andrew Bailey told MPs on the Treasury Committee that a rate cut had been taken off the table following the conflict.

The Independent UK

Bank of England governor says food price freezes are ‘unsustainable’

The Iran conflict has been the ‘dominating change in the landscape’ for the economy, Andrew Bailey said

The Independent UK

Cost of living crisis looms as Iran energy shock threatens UK inflation rebound

Experts caution that future turbulence is on the way despite UK inflation easing last month

Evening Standard

UK inflation rate set to fall as lower household energy bills offset fuel surge

Most economists think the rate of Consumer Price Index (CPI) inflation slowed to 3% in April, from 3.3% in March.

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International Business Times

BOE Begins Gen 8.6 OLED Production This Month, Beating Rival Samsung Display to Market

China's BOE Technology Group has begun loading glass substrates into its Generation 8.6 OLED production line at the Chengdu B16 factory this month with Taiwanese laptop makers ASUS and Acer confirmed as the first customers.

The Independent UK

Lower speed limits could help stop Iran war damaging UK economy, think tank says

Inflation could soar and conflict in the Middle East could cost the Treasury £8bn a year, new modelling indicates

The Economic Times

Charting the global economy: ECB is leaning toward rate hikes

Economic growth varies globally, with some regions facing inflation and others seeing tech-driven booms. Geopolitical events are influencing these decisions.

Evening Standard

Mortgage approvals for home purchase jumped to four-month high in March

Bank of England figures show approvals for remortgaging with a different lender also increased over the month.

The Independent UK

UK mortgage approvals soar as house buyers seek to avoid higher rates

Bank of England figures show approvals for remortgaging with a different lender also increased

Evening Standard

‘Surprising’ momentum for housing market in April as prices jump to record high

The UK housing market has continued to regain momentum despite uncertainties caused by the Middle East conflict, Nationwide Building Society said.

The Guardian - UK

Renault says ‘seismic shift’ in electric car interest after Iran war oil price shock – as it happened

Live, rolling coverage of business, economics and financial markets as French carmaker says electric car enquiries have soared since US-Israeli attacks on Iran

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