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The Latest Breaking News from Bank of England

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

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

The new monarch will replace his late mother on UK currency

Liverpool Echo

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.

Bangkok Post

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?

Evening Standard

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

Wales Online

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.

The Independent UK

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

How to avoid the queues

Nottingham Post

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"

Liverpool Echo

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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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news in one place.

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Bangkok Post

Central banking must go green

Just as there is no question that climate change brings enormous economic and financial risks, there should be no question that central banks can and must play a role in addressing this mother of all market failures. As central banks in the United States and Europe tighten credit to regain…

Manchester Evening News

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

'There will be long queues and you may encounter waiting times in excess of an hour'

The National (Scotland)

Sterling languishing against dollar as interest rate hike speculation builds

STERLING is continuing to languish against the dollar ahead of the new Chancellor’s first fiscal statement expected later this week.

The New Daily

Market Wrap: Gold loses its shine as world banks mull more rate changes

The minutes from the last RBA board meeting to be released today will reiterate that the RBA expects to raise interest rates further.

Daily Record

Economy experts predict biggest hike in Bank of England interest rates for over three decades this week

An announcement on interest rates is due to be made on Thursday.

Daily Mirror

Fears Brits face biggest interest rate hike in 30 years making mortgages pricier

The Bank of England's Monetary Policy Committee is expected to increase interest rates from 0.75% to 2.5% in what would be the single biggest hike in more than 30 years

The National (Scotland)

Biggest interest rate hike since 2008 crash expected in bid to control inflation

MARKETS believe the Bank of England will unveil the biggest hike in interest rates for over three decades when its decision makers gather for a…

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