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The Latest Breaking News from Bank of England

Inside the abandoned banks set to become part of Liverpool's nightlife

The two listed buildings are on a busy city centre street but have been empty for years

Liverpool Echo

Central bankers talk tough, but they can’t fight inflation like this

Raising rates has no effect when the things that are rising in price the fastest, such as fuel and food, are essential purchases

The Guardian - UK

King Charles will face opposite direction on new coins and banknotes due to tradition

Current banknotes featuring the image of the Queen will continue to be legal tender.

Wales Online

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Bank of England shares what happens to Queen currency now Charles is King

Notes and coins featuring the portrait of the queen will continue to be legal tender according to the Bank of England. King Charles and the Chancellor will choose a new design for Charles' reign.

Edinburgh Live

Bank of England issue statement as plans to change Queen Elizabeth notes and coins to King Charles begin

Coins, notes and even stamps will need to be changed to carry the new King's image

Bristol Post

UK in mourning faces harder times ahead

LONDON: Rail and postal workers have suspended strike action, the Bank of England has postponed its next interest-rate decision, and the government might delay an emergency budget. Even the pound halted its decline.

Bangkok Post

Queen Elizabeth is featured on several currencies. Now what?

Queen Elizabeth II has been depicted on British banknotes and coins for decades

The Independent UK

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Britain, facing economic crisis, pauses to mourn the queen

The death of Queen Elizabeth has stilled the business of state in Britain at a time when the government, Bank of England and companies are battling to contain inflation and mitigate a deep economic crisis.

Reuters

Bank of England shares what happens to Queen Elizabeth notes now that Charles is King

The Royal Mint has also shared details of coins featuring a portrait of the Queen.

Daily Record

Bank of England postpones next week’s interest rate decision after Queen’s death

A widely expected rise in interest rates has been put on hold due to the death of the Queen

Evening Standard

Bank of England delays interest rates announcement after Queen’s death

Meeting has been postponed for a week as nation mouns death of Her Majesty

The Independent UK

Businesses shut, events cancelled and rates decision delayed after Queen’s death

Bank of England delays interest rate decision as firms and unions pay respect, with TUC postponing annual gathering

The Guardian - UK

BoE delays rate decision meeting by a week after Queen's death

The Bank of England on Friday postponed next week's interest rate decision following the death of Queen Elizabeth, its first delay to a monetary policy meeting since the central bank became operationally independent 25 years ago.

Reuters

Stamps with image of Queen Elizabeth II remain valid following her death, Royal Mail confirms

Royal Mail has issued a statement saying that, following the introduction of barcodes to everyday stamps, they will remain valid until the end of January

Chronicle Live

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The Independent UK

Stamps bearing the Queen’s image remain valid, say Royal Mail

Regular stamps will remain valid until the end of January 2023

The Independent UK

Stamps bearing the Queen’s image remain valid

Special stamps already announced will still be issued, although there may be changes to when they are launched.

WEKU

Will Britain's currency change following the death of Queen Elizabeth II?

Queen Elizabeth II was Britain's first monarch to be placed on the country's paper notes. There is no word yet on what new bank notes will look like, but there's a longstanding tradition for coins.

Daily Mirror

All your energy bill questions answered as Liz Truss confirms new £2,500 freeze

Liz Truss yesterday pledged households will “now pay up to an average £2,500 a year on their energy bill for the next two years” as part of new cost of living help - but what does this mean for your bills?

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The Guardian - UK

Truss energy bill freeze will not come cheap and economic effects are unclear

Questions remain over the costs, the funding of the plan and inflation as free-market stance is put to one side

The Independent UK

‘Serious leaks’ in households’ finances remain, despite new energy price cap

Households still face a long, hard winter, despite the new energy cap being set at £2,500, experts warned.

The Guardian - UK

ECB hikes interest rates by record 75bp and slashes growth forecasts – as it happened

Christine Lagarde warns that eurozone economic growth is weakening, but EBC plumps for record increase in borrowing costs to curb inflation

The Independent UK

Liz Truss’s rejection of windfall tax ‘to saddle UK with debt for decades’

Bill could be higher than cost of bank bailout after 2008 financial crash, expert warns

Daily Mirror

Britain still heading for recession but inflation could slow down, Bank of England says

Bank of England govenor Andrew Bailey sidestepped questions on whether Liz Truss’s expected energy package could spike a rise in living costs.

Reuters

New UK leader Liz Truss finalises huge power subsidy plan

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.

The Guardian - UK

Government moves to calm markets as pound falls to lowest level against dollar since 1985

New chancellor on charm offensive in Square Mile says Bank of England independence ‘is sacrosanct’

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