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The Latest Breaking News from Bank of England

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

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 Guardian - 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

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

The Independent 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

The Guardian - UK

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.

Reuters

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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

The Guardian - UK

Money expert Martin Lewis urges homeowners to take immediate action

Interest rates have rise 1.25%

Nottingham Post

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

There are millions of paper bank notes currently in circulation

Liverpool Echo

EUR/GBP Testing The 0.86 Ceiling

Two months ago, EUR/GBP looked destined for the junk heap. The outbreak of war in Ukraine and a then relatively dovish European Central Bank in comparison to the Bank of England had pushed the pair temporarily beyond the 0.8310 precipice more than once. A downtrend at that time seemed all…

Benzinga

Holidaymakers face ‘mass disruption’ this summer as British Airways workers vote to strike

No 10 to consider ‘contingency measures’ for airline to beat Heathrow walkout

The Independent UK

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Nottingham Post

Time running out for old paper £20 and £50 notes to be legal tender

Act now and search out any notes lurking in your old wallets

Manchester Evening News

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

There's not long left to use up your £20 or £50 notes, the Bank of England has warned

Evening Standard

When is the last day to use the old £20 and £50 notes - and how do I exchange them?

The old paper £20 and £50 notes won’t be legal tender for much longer

Daily Mirror

Martin Lewis fan explains how they saved £2,100 on their mortgage with simple check

MSE founder Martin Lewis said mortgage costs are steadily rising, but that taking action can help find the best deal for you - with one homeowner saving £2,100 a year

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Chronicle Live

Who is eligible for the No Interest Loan Scheme and how does it work?

The scheme will become widely available in the UK from September

Daily Record

People with old £20 and £50 Scottish banknotes issued 100-day warning

£20 and £50 paper banknotes will be withdrawn from circulation in Scotland after September 30.

The Guardian - UK

Only 100 days left to use paper £20 and £50 notes, says Bank of England

Old-style notes must either be spent or deposited in a bank before end of September

Wales Online

Bank of England gives everyone 100 days to check their old notes

There are more than 240million still in circulation

Wales Online

Paper £50 and £20 notes will no longer be legal tender in just 100 days time

There are still paper notes in the two denominations in circulation worth £14bn

The Independent UK

Just 100 days left to spend billions of pounds of old-style paper £20 and £50 notes

Old notes featuring Adam Smith, James Watt and Matthew Boulton will soon become useless

The Guardian - UK

MPs seek to avoid race to the bottom in post-Brexit City regulation

New subcommittee will scrutinise plans to change how watchdogs supervise the UK’s financial sector

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