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The Latest Breaking News from Bank of England

Liz Truss: these two daunting challenges sit right at the top of the new prime minister's in-tray

Liz Truss is set to be confirmed as the new British prime minister after a lengthy and intense leadership contest against former chancellor Rishi Sunak. But the UK faces significant economic problems this autumn that might leave the new PM wishing she hadn’t fought so hard for the job.

The Conversation

Liz Truss expected to make an announcement on energy bills this week if she becomes PM

"Not all of those decisions will be popular but I will be honest about what we will have to do"

Wales Online

UK's Truss a 'great believer' in Bank of England independence

Foreign minister Liz Truss is a "great believer" in the independence of the Bank of England and its responsibility to determine policy on inflation, she said on Sunday.

Reuters

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All the changes coming in September - from number plates to expiring bank notes

There are a whole host of new changes coming into force in Scotland this month, with six important dates to mark on your calendar when it comes to things being updated.

Glasgow Live

Explainer-Next UK leader to inherit an economy in a bind

Britain's next prime minister - who will be announced on Monday - will inherit an economy that is forecast to go into a long recession later this year with inflation at a 40-year high and limits on the options for getting growth going again.

Reuters

Analysis-Market mayhem awaits Britain's new leader

Liz Truss, on course to become Britain's prime minister on Monday, looks set to walk straight into a financial market firestorm that she will have to act fast to extinguish.

Reuters

A 'Union dividend'? Here's what this year's GERS figures actually mean

LAST week the Scottish Government released their yearly Government Expenditure and Revenue Scotland (GERS) report, the most intensely discussed set…

The National (Scotland)

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Time to cut interest rates, not raise them as economic gloom deepens

City Voices: Former MPC member says Liz Truss needs to flip flop

Evening Standard

One month warning for people still using old £20 and £50 notes

Paper notes are due to be replaced by the end of September, the Bank of England warned

Manchester Evening News

Mixed Bristol house price prediction as UK forecast to fall into recession

The experts have forecast what they think will happen with property prices over the next few months

Bristol Post

10 money changes for September including £326 cost of living payment

Dates and details explained

Nottingham Post

House price growth cools as property market loses momentum, Nationwide says

Annual growth slowed to 10% in August, down from 11% in July, amid early signs of the cost-of-living crisis putting pressure on budgets.

The Independent UK

UK pound records biggest monthly decline since 2016 as economic uncertainty grows

STERLING has recorded its biggest monthly decline against the dollar since the wake of the Brexit referendum in 2016.

The National (Scotland)

Ten money changes coming in September including cost of living payments

To help you keep on top of the latest money changes, we’ve rounded up ten financial updates to expect in September

Liverpool Echo

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Daily Record

New changes coming in September 2022 - bank notes, number plates and cost of living payments

There are six important dates to note this September.

Daily Mirror

Ten money changes coming in September including £326 cost of living payment

We’ve rounded up ten financial updates to expect in September, as Brits prepare for a tough winter with the energy price cap confirmed to rise to £3,549 in October

The Guardian - UK

Pound heads for worst month since 2016 against US dollar; eurozone inflation hits record high – as it happened

Pound and UK government bonds have suffered a torrid month, as Rishi Sunak warns of risk that markets lose faith in UK economy

Liverpool Echo

Warning to anyone with old bank notes in their wallet as deadline looms

The paper notes will soon be discontinued and replaced with polymer notes

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Wales Online

Time running out to spend paper £20 and £50 notes

Notes become discontinued on September 30

Dynamite News

Gadgets: Apple's iPhone 14 series will have 80 per cent Samsung Display screens

According to GSM Arena, internal info suggests that Apple procured 82 per cent of panels from Samsung, 12 per cent from the Korean company LG Display and the other 6 per cent from the Chinese BOE. Read more on Dynamite News:

The Guardian - UK

UK food price inflation hits highest level since global financial crash

Prices in shops rose by 5.1% in August, British Retail Consortium finds, as the war in Ukraine pushes up prices up for farmers

Wales Online

One month left to spend old £20 & £50 paper notes, Bank of England warns - Here's how you can exchange yours

The Bank of England has issued a warning for those with paper £20 and £50 banknotes. The old notes will be withdrawn from legal tender on September 30.

The Guardian - UK

UK credit card borrowing rises at fastest rate in 17 years

Spike in inflation and threat of rising energy prices likely to add to cost of living crisis, say analysts

Chronicle Live

Warning issued to anyone with old bank notes before they expire in September

Old paper £20 and £50 notes will cease to be legal tender and people are being urged to spend them, bank them or swap them for new polymer versions before the deadline

Evening Standard

Spike in credit card borrowing adds to City fears and market jitters over UK economy

Pound falls as Bank of England figures show people are leaning on their credit cards as the economy slows

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