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The Latest Breaking News from Bank of England

So the arguments over Brexit are done and dusted for a generation. Really, Tony Blair?

We desperately need to rejoin the single market and customs union, whatever the former PM thinks

The Guardian - UK

Martin Lewis urges homeowners to take 'action now'

MoneySavingExpert founder says more hikes may come

Liverpool Echo

Dashboard of decline: seven charts that explain Britain’s economic crisis

The UK looks set for a recession and a longer battle with inflation than many of its neighbours. This is why

The Guardian - UK

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read the most diverse news in one place.

Fifty-year home loans would get more on ladder but come with risks

Analysis: longer mortgages would unlock the bind many renters find themselves in but could be expensive

The Guardian - UK

Inflation in eurozone hits record 8.6% as Ukraine war continues

ECB plans first interest rate rise in 11 years as food prices increase and Putin’s invasion drives up energy costs

The Guardian - UK

Watch Susie McCabe perfectly sum up the case for independence on Question Time

Watch comedian Susie McCabe perfectly sum up the case for independence on BBC Question Time in Inverness

The National (Scotland)

Savings squeeze as less money is deposited into accounts in May than in April

One expert said the average savings figures ‘hide a split nation’, with some households turning to debt to settle their bills.

The Independent UK

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Cost of living crisis 2022: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

Bank of England needs to guard against a wage price spiral

City Voices: Urgent medicine needs to be administered to the economy

Evening Standard

Average UK house prices hit a new record high in June

The South West (of England) overtook Wales as the strongest-performing region in quarter two

Wales Online

Average UK house price hits new record high but there are ‘signs of a slowdown’

The housing market has retained a surprising amount of momentum given the mounting pressure on household budgets, Nationwide Building Society said.

The Independent UK

Global markets post worst first-half performance in decades – as it happened

US stocks have recorded their worst first half in more than 50 years as central bank attempts to slow inflation sparks selloff

The Guardian - UK

Soaring inflation to hit Britain harder than any other major economy

To address inflation, the Bank of England warns it may need the option of half-point interest rate rises

Wales Online

UK faces bigger and faster recession than other European countries, Bank of England warns

Andrew Bailey said the UK economy had reached a ‘turning point’

The Independent UK

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The Guardian - UK

UK will face worse inflation than other major economies, says Bank governor

Andrew Bailey said inflation would persist for longer than previously expected as petrol prices soar

The Guardian - UK

Camelot loses legal bid to stop National Lottery licence handover; UK petrol price at record – as it happened

Camelot loses legal bid to prevent the handover of the National Lottery licence to rival Allwyn

The Independent UK

Cost of living crisis 2022: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

Europe's central bank ready to 'stamp out' surging inflation

The head of the European Central Bank says it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected

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news in one place.

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The Guardian - UK

Central bank policymakers should not assume reputations will recover

As inflation soars, the Fed, ECB, Bank of England and others are more regularly challenged than in the past

Reuters

Russia bars entry to 43 Canadians in sanctions response

Russia sanctioned 43 Canadian citizens on Monday, barring them from entering the country in a tit-for-tat response to Western sanctions on Moscow.

The Guardian - UK

History turns full circle as G7 alarm bells ring over energy once again

First meeting in 1975 grappled with the oil shock – now it is Russia’s war in Ukraine creating angst

The Guardian - UK

Covid couldn’t cool house prices, but the economic chill might

Data due this week will be closely scrutinised to discern whether the market’s remarkable resilience is faltering

The Guardian - UK

Removal of mortgage stress test ‘will not result in free-for-all’

While Bank of England decision may help first-time buyers, experts say there will still be restrictions

Nottingham Post

Money expert Martin Lewis urges homeowners to take immediate action

Interest rates have rise 1.25%

Liverpool Echo

Warning issued to anyone with paper £20 and £50 notes in purse or wallet

There are millions of paper bank notes currently in circulation

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