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The Latest Breaking News from Bank of England

What rise in interest rates mean for first-time buyers - and your mortgage payments

THE UK is set to fall into its longest recession since the financial crisis and inflation will peak at more than 13 as gas prices soar, the Bank…

The National (Scotland)

BoE forecasts recession as inflation soars, unveils big rate hike

London (AFP) - Britain will sink into a lengthy recession later this year as inflation rockets even higher, the Bank of England forecast Thursday as it unveiled the biggest interest rate hike since 1995.

AFP

How will inflation affect me as it rises again to 1.75 per cent

The Bank of England today voted to raise interest rates to their highest level since 2008. This is also the single-biggest rise since 1995.

The National (Scotland)

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Interest rates rise to 1.75%, with UK set to enter recession this year

Bank of England hikes rates to their highest level since January 2009

Insider UK

Finance expert explains how to avoid a credit card rate rise as recession looms

Interest rates have risen to their highest level since 2008

The National (Scotland)

Interest rates: What will the Bank of England increase mean for mortgages and house prices?

The two million people with variable rate mortgages are particularly vulnerable to the rise in interest rates, while first-time buyers are expected to find it more of a struggle to get on the property ladder

The Independent UK

Bank of England raises interest rates to 1.75% amid recession warning

The Bank of England raised interest rates by half a percentage point on Thursday in the biggest increase in the cost of borrowing for 27 years.It is the sixth consecutive hike from the Bank’s Monetary Policy Committee (MPC) since December and lifts its key lending rate from 1.25 per cent…

Evening Standard

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'Final straw' warning for struggling hospitality sector as recession threat looms

SOARING interest rates could be the “final straw” for struggling hospitality businesses, industry leaders have warned as the UK economy faces a…

The National (Scotland)

What happens to house prices in a recession?

The Bank of England has pushed through the biggest interest-rate hike in 27 years as it warned the UK is heading for more than a year of recession.

The National (Scotland)

The UK is facing the worst recession since the financial crisis, warns the Bank of England

UK faces a bleak year as living standards plunge and inflation is set to hit 13% and the UK faces the longest economic downturn since the 2008 financial crisis

Wales Online

Bank of England says UK to enter recession lasting more than a year with inflation hitting 13.3%

The Bank has stated that the UK's "growth is very weak by historical standards"

Manchester Evening News

As recession looms, the Bank of England’s independence is under threat

Analysis: The monetary policy committee has been accused of being asleep at the wheel amid cost of living crisis

The Guardian - UK

Average mortgages to go up by £50 a month

This adds up to an extra £605.16 in mortgage costs over the course of a year.

Wales Online

What does the Bank of England interest rate rise mean for you?

From first-time home buyers to credit card users, we look at how your finances may be affected

The Guardian - UK

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AFP

Bank of England delivers biggest rate hike in 27 years

London (AFP) - The Bank of England unleashed Thursday its biggest interest rate hike since 1995 as it forecast inflation topping 13 percent this year and warned of a looming year-long recession.

The Guardian - UK

Bank of England hikes rates as it predicts 13% inflation and long recession

Base rate raised by 0.5 percentage points to 1.75%, as Bank says inflation will hit 13% in October

The Independent UK

£50-a-month jump in average tracker mortgage costs following rate rise

The increase adds up to more than £600 extra in mortgage costs over the course of a year.

Evening Standard

Bank of England warns of long recession in 2023 as it hikes interest rates

Economists say bleak new GDP and inflation forecasts are a “horror show.”

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news in one place.

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Manchester Evening News

Bank of England raises interest rates to 1.75 per cent - the biggest hike in 27 years

It comes after experts warned that inflation could peak at 15 per cent

Daily Mirror

Bank of England doomsday forecast of recession, interest rates and 13% inflation

The dire economic conditions will see real household incomes drop for two years in a row, the first time this has happened since records began in the 1960s, according to the Bank's forecasters

The National (Scotland)

UK economy to fall into recession, predicts Bank of England as interest rates hiked

THE Bank of England has made its biggest increase in UK interest rates in 27 years while inflation is expected to peak at 13.3 per cent in October.

Daily Mirror

Why are interest rates rising and when will they fall again?

The Bank of England has put up interest rates as it looks to grapple soaring inflation by making it more expensive to borrow and more rewarding to save money

Evening Standard

Bank of England unveils biggest interest rate rise in 27 years

Monetary Policy Committee raises rates by 50 basis points to 1.75 per cent

Evening Standard

Interest rate rise: 0.5 per cent increase will add thousands to mortgage payments for London first-time buyers

Bank of England base rate increase of 0.5 per cent means first-time buyers and existing homeowners face steep rise in mortgage repayments

Wales Online

Interest rates up to 1.75%, with inflation forecast to hit 13.3%

The UK will enter five consecutive quarters of recession with gross domestic product falling as much as 2.1%, the Bank said

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