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The Latest Breaking News from Bank of England

Ukraine war clouds economic outlook and puts borrowers under strain, warns Bank

The Bank’s Financial Policy Committee said UK lenders remain strong enough to ‘withstand severe market and economic disruption’.

The Independent UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Warning over Scottish £20 and £50 paper banknotes ahead of major change this year

Scotland's £20 and £50 paper notes will be withdrawn in September this year.

Daily Record

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City comment: Bank of England should take a leaf out of the Fed’s book on inflation

In 1979, with inflation at 11% and rising, newly appointed Federal Reserve chairman Paul Volcker called a surprise Saturday press conference in October to announce he was shaking up the central bank’s plans to get a handle on rising prices.

Evening Standard

Bank of England urged to use ‘distasteful medicine’ as inflation hits 6.2%

Pressure is growing on the Bank of England to deliver “distasteful medicine” in the battle against inflation as it hits a 30-year high amid warnings of much worse to come.

Evening Standard

Inflation: Prices rise by 6.2 per cent as cost of living soars ahead of Chancellor's Spring Statement

It's a 30-year-high and means more pressure on household budgets

Wales Online

Irish people warned to cash in their pound notes as thousands soon won't be valid anymore

The change is in a move to eliminate counterfeit money that is in circulation in the form of paper banknotes

Irish Mirror

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Bank of England issues warning as millions of £20 notes are about to expire

More than 750 million of the banknotes need to be used before the deadline

Liverpool Echo

Bank of England warns paper bank notes will no longer be accepted in the autumn

Having been around in the UK since 1695, paper bank notes will finally be phased out in the autumn

Wales Online

Warning issued to anyone with specific £20 notes in their purse or wallet

The Bank of England says they will soon become worthless

Manchester Evening News

Plan to create 'luxury restaurant' in historic Castle Street bank building

An application has been submitted aiming to breathe new life into the Old Bank of England building

Liverpool Echo

Bank of England warns over 750million £20 notes that will soon no longer be valid

Paper banknotes have been around in the UK since 1695, but Brits are being reminded that the notes are about to be phased out - meaning they will have no worth at all

Daily Mirror

Wetherspoon’s boss attacks Bank of England for stoking inflation

The chairman of JD Wetherspoon today blamed the Bank of England for stoking inflation by inventing money to support the economy.

Evening Standard

Wetherspoon boss Tim Martin blames Government and BoE for creating inflation

Exeter-based chairman of pub chain says Westminster's Covid splurge and Bank of England support led to higher prices and taxation as his firm makes £13m six-month loss

Birmingham Post

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Birmingham Post

What UK interest rate rise means for mortgages and savings

A financial expert explains what the Bank of England's interest rate increase means for borrowers and savers

Liverpool Echo

Bank of England's 0.75% interest rise and what it means for you

The rate has risen again, as the cost of living continues to spiral

Birmingham Post

Bank of England hikes interest rates again amid Russia's invasion of Ukraine

The Monetary Policy Committee voted 8-1 to increase rates to 0.75% on Thursday

The Guardian - UK

What does UK interest rate rise mean for savers and borrowers?

Mortgage holders, house hunters and savers will be affected by the Bank of England raising rate to 0.75%

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Evening Standard

Bank of England raises interest rate to 0.75% and warns inflation will hit 8%

The Bank of England moved as expected to put borrowing costs up today and was widely encouraged to keep going.

Benzinga

Bristol-Myers Squibb And 2 Other Stocks Sold By Insiders

The Bank of England increased its key Bank Rate by 25bps to 0.75% during its recent meeting. Investors, meanwhile, focused on some notable insider trades

Wales Online

Mortgages set to cost more as Bank of England raises interest rate to 0.75 per cent

It's the third rise in a row

The Independent UK

Bank raises rates to 0.75% as it warns inflation could reach double figures

The Bank of England’s Monetary Policy Committee voted eight to one to increase rates by a quarter point, marking the third rise in a row.

Evening Standard

Bank of England raises interest rate to 0.75 per cent — here’s what it means for homeowners

The new increase is the third back-to-back hike by the Bank of England, raising the cost of borrowing to pre-pandemic levels.

The Independent UK

Bank of England raises key interest rate as pressure mounts on households

War in Ukraine and fear of inflation surge cause policymakers to increase rate to 0.75 per cent

Daily Mirror

What Bank of England's 0.75% interest rise means for you - from savings to mortgages

The Bank's Monetary Policy Committee - which influences what lenders do - has increased rates from 0.5% to 0.75% to try to cool soaring inflation. It comes amid warnings the war in Ukraine could send the cost of living crisis spiralling further

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