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The Latest Breaking News from Bank of England

Bank of England poised for another big interest rate hike

Britain’s central bank is under pressure make another big interest rate hike Thursday

The Independent UK

UK interest rate rise: Biggest hike in 14 years ‘to add £600 to some mortgages’

New interest base rate announced amid ongoing cost of living crisis

The Independent UK

FTSE 100 Live: Interest rates up by 0.50% to 2.25% as Bank of England fights inflation

Interest rates are up by 0.50% today as Bank of England policymakers continue their fight against inflation, but without adopting a larger 0.75% increase.

Evening Standard

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Bank of England says UK in recession as it raises interest rates to 14-year high of 2.25% – business live

UK central bank predicts economy shrank for second quarter in a row, after shops closed and many stayed at home for Queen Elizabeth II’s state funeral

The Guardian - UK

Mortgage, loan and credit card bills to go up by hundreds of pounds today

Experts are expecting the single biggest leap in rates for 30 years

Wales Online

Bank of England set for bumper interest rate hike

The interest rate is set to soar to the highest level since the financial crisis of 2008

Wales Online

Martin Lewis' urgent warning to those with credit card debt

The MoneySavingExpert advises on how to slash your interest rates to nothing ahead of credit card deals worsening if the Bank of England hikes interest rates as early as tomorrow

Wales Online

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UK households face £3bn hit if Bank goes ahead with 0.75-points rate rise

Hike in interest rates would be the biggest in 33 years and would heap renewed pressure on borrowers

The Guardian - UK

Exactly how much more your mortgage could cost if interest rates are hiked TODAY

Money markets are anticipating that the Bank of England could raise interest rates to 2.5% tomorrow (September 22) in what would be the biggest rise in 33 years

Daily Mirror

The era of low interest rates is ending – its legacy is inequality and toxic politics

Over the past 14 years, older homeowners have continued to benefit – creating an unpleasant form of economic progress, says sociologist and political economist William Davies

The Guardian - UK

Martin Lewis issues credit card warning as he urges anyone with debt to take action

The financial guru has explained how credit card deals could worsen if the Bank of England increases interest rates for the seventh time in a row

Chronicle Live

Martin Lewis gives 'very little hope' prediction on interest rates as mortgages soar

Many people on interest-only mortgages have seen their bills skyrocket since rates went up in August

Wales Online

Martin Lewis issues urgent warning to everyone with credit card debt

Martin Lewis explained how credit card deals could worsen if the Bank of England hikes interest rates for the seventh time in-a-row - if you have debt already, there is a way to slash your interest rates to nothing

Daily Mirror

Economists call for radical shakeup of Bank’s interest rate committee

MPC is dominated by people with little ‘real world’ knowledge and prone to groupthink, says ex-committee member

The Guardian - UK

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Liverpool Echo

King Charles to appear on coins and another money change we can expect

The new monarch will replace his late mother on UK currency

Bangkok Post

The risk of competitive rate hikes

The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an unnecessary recession.

Evening Standard

High noon looms for talk of super-sized rake hike from the Bank of England

Could the UK adopt the jumbo rate hikes expected in the US this week?

Wales Online

Simple mortgage trick could save you £3,500 in two years

Advice will help you decide whether to make the switch and identify the best overall fit for you

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The Independent UK

Homeowners ‘could save thousands of pounds’ by switching mortgage

With further rate rises expected, switching could save some people thousands of pounds over a relatively short period of time, according to research.

Nottingham Post

Bank of England's warning as certain £20 notes removed from circulation

How to avoid the queues

Liverpool Echo

Bank of England's warning to anyone with £20 paper notes featuring the Queen's face

The Bank of England warned of "waiting times in excess of an hour"

Chronicle Live

Bank of England issues warning to people with £20 notes which will expire in days

Paper £20 and £50 notes will no longer be legal tender after this month ends - but you will still be able to swap out your old notes

Insider UK

Bank expected to unveil big rate hike on Thursday

The Monetary Policy Committee is expected to increase rates by 0.75 percentage points

Wales Online

Bank of England 10-day warning over old £20 and £50 paper notes

Specific types of old bank notes become redundant from September 30

Liverpool Echo

Five important money changes this month including DWP payments

The changes include an update to Universal Credit and a banknote warning

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