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The Latest Breaking News from Bank of England

BoE economist sees interest rates rising higher; retail sales bounce despite inflation – as it happened

BoE’s Huw Pill says MPC faces its biggest challenge in 25 years, and indicates further monetary tightening needed to avoid wage-price spiral

The Guardian - UK

Shoppers warned milk prices will soar even higher amid cost of living crisis

Arla Foods' chief commercial officer Peter Giortz-Carlson said farmers are struggling with the price of packaging and feed for animals, and this will have to be passed on to shoppers

Daily Mirror

How soaring inflation will affect your household finances over the next few months

The rate of inflation has now reached a 40-year high of 9%.

Daily Record

From analysis to the latest developments in health,
read the most diverse news in one place.

House prices: Will rising interest rates cause a property market crash?

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?

The Independent UK

Six things the Government is NOT doing to help Brits with cost of living crisis

Professor Richard Murphy says politicians are doing almost nothing to help people who are struggling because they believe the market can solve a problem better than anything the government can do

Daily Mirror

Thursday briefing: Why we don’t have to balance the books

In today’s newsletter: As inflation hits a 40-year high of 9%, Archie Bland explores the causes of the crisis, and the potential solutions left out of the debate

The Guardian - UK

Iceland becomes the first supermarket to cut prices depending how old you are

Iceland and its sister store The Food Warehouse are offering shoppers aged 60 and above money off their groceries every Tuesday to help those struggling with soaring costs

Daily Mirror

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The graphs that show how dire the inflation crisis is

Cost-of-living is to get worse as inflation is expected to continue rising, Bank of England warns

The Independent UK

The Guardian view on fixing inflation: a reckoning with free markets is needed

Editorial: Tories say taxes must fall to curb inflation, even at the cost of a higher deficit. Labour should argue that public spending could be increased for the same reason

The Guardian - UK

House prices for this type of property are soaring as demand rises

The latest Property Sentiment Index by OnTheMarket revealed how different property types performed over the past year, across the country

Daily Mirror

Welcome to the Everything Everywhere All At Once economy

Is this the Everything Everywhere All At Once economy? City Editor Oscar Williams-Grut thinks so, and he makes a compelling case.

Evening Standard

Inflation hits 40-year high: What was life like in Britain the last time things were so dire in 1982

Margaret Thatcher was PM, unemployment at its worst since the 1930s, the Falklands War broke out and ‘Come on Eileen’ was the year’s biggest-selling single

The Independent UK

With inflation now at a 40-year high, what can households expect next?

Britons are now being hit with price rises across most essentials such as energy, fuel, food and clothing, and more cost pain is on the horizon.

Evening Standard

Soaring UK inflation makes action from Rishi Sunak a question of when, not if

Analysis: Chancellor has sought to deflect criticism by citing global factors but has hinted about support

The Guardian - UK

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Evening Standard

Rishi Sunak warns next months of cost of living crisis ‘will be tough’

Pressure on chancellor to act as inflation hits a 40-year high with soaring energy bills pushing Consumer Prices Index to nine per cent in April

The Independent UK

House prices hit new record but growth expected to slow

The rate of growth will slow by the end of 2022, Halifax said.

The Independent UK

REDIRECTED Will rising interest rates cause UK house prices to fall?

Many experts are predicting a slowdown in price growth later this year, explains Ben Chapman

The Guardian - UK

The Bank of England can’t save people from this cost of living crisis – that’s Boris Johnson’s job

Faced with the the biggest inflation rise in 40 years, the Bank must do more than berate workers, says Sahil Dutta, lecturer in political economy

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news in one place.

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The Independent UK

UK house prices: Will rising interest rates cause a property market crash?

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?

Evening Standard

Four more rate hikes this year, warns City as inflation takes toll

THERE will be at least four more interest rate rises this year and a surge of insolvencies as inflation takes its toll on an increasingly shaky UK economy.

The Independent UK

Interest rates: What are they and how do they affect inflation?

The Bank of England has raised interest rates to their highest level in 13 years

The Independent UK

How to cope with the rising cost of living

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

Bangkok Post

Britain’s inflation rate surges to a 40-year high of 9%

UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

The Independent UK

What is inflation and what is its current rate in the UK and Europe?

UK inflation fell this week as fuel prices dropped

Wales Online

Welsh police detective says she has to borrow money from her mum to make ends meet

She has confronted Home Secretary Priti Patel about her struggle to survive

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