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The Latest Breaking News from Bank of England

No tax cuts in England before inflation is tamed, ministers suggest

Rishi Sunak and Michael Gove appeared to indicate that fellow Conservative MPs pushing for tax cuts would have to wait as such measures could fuel runaway inflation

Wales Online

Interest rate rise - all you need to know including impact on mortgage payments

Today's interest rates increase is expected to add around £21 a month - £252 a year - to the average repayments for a borrower with a £150,000 mortgage who is on their lender’s standard variable rate

Daily Mirror

Chancellor Rishi Sunak's message of 'reassurance' to Nottingham over cost of living crisis

'This is important for your readers - I really want them to be reassured that we will get inflation back under control'

Nottingham Post

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Mortgage repayments get more expensive overnight as Bank of England raises interest rates

Putting yet more pressure on households struggling with the cost of living, mortgages are getting progressively more expensive

Evening Standard

Economists blast Boris Johnson for 'suppressing' Brits' wages as inflation soars

Economists from a host of universities and think tanks have written to the Prime Minister dismissing his claims over pay hikes fuelling inflation

Daily Mirror

Summer of discontent as UK hit by new Covid wave, strike chaos and rising prices

The threat of the biggest industrial action to hit Britain since 1926 is looming amid a record wave of energy price hikes which has stoked fears echoing those during the 1978-79 'winter of discontent'

Daily Mirror

Party-Geidt

Lord Geidt’s resignation letter is bad for the Government. In it, the Prime Minister’s now-former ethics advisor accuses him of risking a “deliberate and purposeful breach of the ministerial code” that had placed Geidt in an “impossible and odious position”.

Evening Standard

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Homeowners face a £1667 increase in annual mortgage payments as BoE hikes interest rates again

Today’s announcement adds to consumer concern about the current economic climate, with Brits already struggling with the soaring inflation and cost of living crisis

Daily Mirror

‘Tough times ahead’ for economy, warns Gove

The Communities Secretary said the Government and the Bank of England needed to ‘squeeze’ inflation out of the economy.

The Independent UK

What the Bank of England’s base rate rise to 1.25% means for you

The effect of the interest rate increase on mortgages, savings, annuities, house prices and rents

The Guardian - UK

Bank Of England Hikes Interest Rates For Fifth Straight Time To Address Inflation

The Bank of England has initiated its fifth consecutive interest rate hike with a 25 basis point uptick to 1.25%.

Benzinga

Bank’s rate rise is a couple of sparklers compared with Fed’s fireworks

The next time the Bank of England debates interest rates, we’re likely to see a half-point increase

The Guardian - UK

Analysis: A banquet of bad news from the Bank of England - but let’s stay hopeful on jobs

Bank of England says it will “act forcefully” to put the brake on inflation

Evening Standard

The Bank of England has put up interest rates again – so how will it affect me?

The base rate has been raised to 1.25%, the highest point since the start of 2009, but what does it mean?

Chronicle Live

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Daily Record

Interest rates: Households warned of higher prices as Bank of England increases rates to fight inflation

The Bank of England increased the base rate for borrowing to 1.25 per cent but warned that there could be further rises as it fights to bring inflation down from 11 per cent.

Insider UK

Bank of England hikes interest rates to 1.25%

Central bank warns that prices for households might increase even further than previously thought

The National (Scotland)

Bank of England hikes interest rates to highest level since 2009

THE Bank of England has raised its interest base rate to the highest point since the start of 2009 as the cost of living continues to soar.

Birmingham Post

Interest rates raised to 1.25% as Bank of England responds to cost of living crisis- what will it mean for business?

Business leaders warn SMEs could be hit hard by rates rise

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Evening Standard

Mortgages: Bank of England raises interest rates to 1.25% — here’s what it means for your mortgage

Interest rates have risen again, meaning millions could be set for higher mortgage costs. How much will your monthly payments increase?

The Independent UK

Interest rates rise to 1.25% as Bank of England battles rising inflation

The rise is the fifth consecutive hike by the Bank’s monetary policy committee

Evening Standard

Michael Gove warns ‘tough times’ ahead as cost of living crisis worsens

Minister issues warning as Bank of England projects inflation to peak this year at just over 11 per cent

The Guardian - UK

Bank of England raises interest rates to 1.25%

Bank warns of inflation rising to 11% after split vote to lift rate, for fifth time in a row, by 0.25 points

Daily Mirror

Winners and losers of Bank of England interest rate hike - from homeowners to savers

The Bank of England has hiked its base rate has risen from 1% to 1.25% - a new 13-year high - as part of plans to cool soaring inflation, which currently stands at 9%

Daily Mirror

Interest rates hit 1.25% in 13-year high - what it means for you and your money

The Bank of England is putting up base rate to try to bring down record inflation levels, but the decision means some households will be left with higher bills amid a cost of living crisis

The Independent UK

Interest rates 2022 – live: Bank of England reveals highest level since 2009

The Bank’s monetary policy committee came to the decision by majority vote

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People

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SOAS University of London

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