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The Latest Breaking News from Bank of England

UK leadership candidate Sunak says scrapping BoE independence would be a massive mistake

Rishi Sunak, the underdog in the race to become Britain's next prime minister, said scrapping the Bank of England's independence would be a mistake that would scare off international investors.

Reuters

Biggest UK fall in real wages for 100 years looms, warns TUC

Study shows pay rises could fall behind inflation by 8% later this year, an unprecedented drop in living standards

The Guardian - UK

Is it worth paying exit fees to get out of your mortgage deal

Worried homeowners on fixed rate mortgages with early repayment charges are being offered a new online calculator tool to help them decide if it is worth paying eye-watering exit fees to get a new deal before yet more interest rate rises kick in.

Wales Online

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Explainer-Britain and regulators square up over post-Brexit financial reform

Britain's government proposed a far-reaching financial services law last month to exploit "freedoms" to write its own capital market rules since leaving the European Union.

Reuters

Batteries, Beatles, boxing and Ron Mael from Sparks – take the Thursday quiz

Fifteen questions on general knowledge and topical trivia plus a few jokes every Thursday – how will you fare?

The Guardian - UK

Martin Lewis’ biggest concerns for the economy as UK faces a ‘financial emergency’

Money Saving Expert founder warns that country is in ‘pandemic scale national crisis’

The Independent UK

Royal Mail strike 2022: Postal strike dates, why posties are striking and what they've been offered

Over 115,000 postal workers are due to strike for four days over August and September 2022, they've been offered a rise, but it comes with a catch

Chronicle Live

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GDP: What is it and how does it impact the cost of living?

Everything you need to know about GDP

Evening Standard

Martin Lewis' MSE issues mortgage warning to every homeowner after interest rate rise

Homeowners should check their mortgages now as they could be able to save thousands of pounds a year on homeloan rates after the Bank of England hiked base rate last week

Daily Mirror

Bank Of England Warns On Metaverse Growth: Could Cause 'Financial Instability'

The growth of an open and decentralized metaverse may scale up the existing risks from crypto assets and could cause financial instability in the real world, according to the Bank of England.

Benzinga

Government needs a big-bang solution or faces consequences of rising energy bills

New prime minister must drop small state rhetoric and come up with response to impending crisis

The Guardian - UK

Don't Pay campaign will make energy bills 'worse', experts warn

EXPERTS have warned against taking part in the growing Don’t Pay campaign – saying failing to pay energy bills could exacerbate the…

The National (Scotland)

New energy bill blow as Brits warned they could lose £4,200 this winter

Bills in general could rise by around £6,000 by the end of the year

Nottingham Post

UK builder Bellway reports record revenue as house prices climb

Construction firm forecasts bumper 2023 as housing boom defies rising interest rates and cost of living crisis

The Guardian - UK

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The Guardian - UK

July could be ‘lull before the storm’ for retailers and consumers

Cost of living crisis and rising inflation predicted to hit consumer confidence and spending

Daily Mirror

'Cancel the energy price cap increase', Lib Dem leader Ed Davey tells the Tories

Ed Davey accused the Tory leadership hopefuls, Rishi Sunak & Liz Truss of 'living in a parallel universe' as they have 'no idea' how to help families through what could be the toughest winter in decades.

Daily Mirror

Nicola Sturgeon demands urgent cost of living talks with Boris Johnson THIS WEEK

Boris Johnson is facing urgent calls from influential figures including Gordon Brown to help struggling families now and not wait until the next PM is chosen in September.

The Guardian - UK

Truss and Sunak still haven’t grasped the magnitude of Britain’s cost of living crisis

Neither has an adequate plan – but a joint announcement of a generous package of help would boost confidence

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The National (Scotland)

Nicola Sturgeon demands Boris Johnson convenes emergency four-nation meeting

The "caretaker" Prime Minister is currently on a luxury honeymoon while the cost of living crisis deepens

Nottingham Post

Another blow for households as bills could rise by £6,000 this year

The average energy bill could soar by £1,645 within five months to hit £3,616 a year

Daily Mirror

The most and least popular places to buy a home in Britain - is your town on the list?

Coastal and countryside properties take a backseat as Bradford leapfrogs to become the most popular place to buy a home in Britain

Evening Standard

Mortgages for first-time buyers: a guide to buying property amid rising interest rates

Soaring costs and rising interest rates may give would-be homebuyers pause for thought, but industry experts say the key is not to panic.

The National (Scotland)

Boris Johnson's luxury honeymoon location revealed as Brits suffer cost of living

BORIS Johnson's luxury honeymoon location has been revealed as people in the UK suffer from the impact of the cost of living crisis.

Evening Standard

Grim read reveals just how bad the near future will be

Last week’s gloomy headlines about the Bank of England told only half the story

Daily Mirror

Boris and Carrie Johnson mini-moon at 'soothing energy' villa while UK heads to recession

Boris Johnson boasted he’d had a ‘wonderful’ time swimming lakes in ‘peace and quiet’ at Vila Planinka, which urges guests to switch off phones while they dine on bear - while No10 rejected calls for an emergency budget

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