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The Latest Breaking News from Bank of England

Martin Lewis issues mortgage warning to homeowners as interest rates increased

The MoneySavingExpert warned how mortgage repayments will become more expensive after the Bank of England raised interest rates earlier today.

Daily Record

Bank of England raises rates and warns of recession

Were I the UK’s governing party, I would choose not to have my central bank raise interest rates, predict double-digit inflation and warn of a recession halfway through polling day. But such are the joys of Bank of England operational independence.

Evening Standard

Martin Lewis issues mortgage warning to homeowners as interest rates reach new high

The Money Saving Expert tweeted after the Bank of England raised interest rates from 0.75 percent to one percent amid soaring inflation

Bristol Post

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East Midlands Chamber warns of growing concerns over impact of interest rises on business confidence

Bank of England has warned inflation will hit 10 per cent and growth will contract in the final three months of 2022

Birmingham Post

Economists warn on stagflation but conflicted on future rates rises

Experts are predicting further rates rises but warn it will be difficult for the Bank of England to control inflation without risking recession.

The Independent UK

What the Bank of England's rise in interest rates could mean for your mortgage

Interest rates are now at the highest level in 13 years

Manchester Evening News

What the Bank of England’s base rate rise means – in numbers

The interest rate going up to 1% has implications for borrowers and savers. Here’s how it could affect you

The Guardian - UK

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Will my mortgage go up? What the Bank of England interest rate rise means for you

Interest rates have hit 1% - their highest level for 13 years

Wales Online

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

Recession: the price Britain will pay to control inflation

Analysis: As the Bank of England raises interest rates the message is clear – the 1970s are back

The Guardian - UK

Mortgages: Bank of England raises interest rates to 1% — here’s what it means for you

First-time buyers are being “clobbered on all sides” as interest rate hikes mean it will be harder to get a mortgage.

Evening Standard

Alarm for cost-squeezed firms as interest rates hiked to 1%

Rising costs will hammer household and business finances, but the Bank said “this was something monetary policy was unable to prevent”.

Birmingham Post

Bank of England hikes interest rates and issues recession warning

UK interest rates have been raised amid warnings the economy will go into reverse and that inflation will peak at more than 10.

The National (Scotland)

Martin Lewis issues mortgage warning to millions of homeowners as interest rates rise

Martin Lewis has warned how mortgage repayments will get more expensive for those on variable deals after the Bank of England raised interest rates from 0.75% to 1% this afternoon

Daily Mirror

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Manchester Evening News

Interest rates soars to 13-year high as Bank of England warns energy bills will soon hit £2,800

It is a crippling cost of living crisis

Daily Record

Bank of England warns of recession in UK as interest rates hiked to 1%

The Bank of England increased interest rates as it battles against rising inflation and warns that the economy will go into reverse this winter.

The Independent UK

How will the Bank of England base rate rise affect you?

The rate has been hiked to a level not seen since 2009.

Liverpool Echo

Martin Lewis explains what new interest rates mean for savers and homeowners

The Bank of England has increased interest rates to 1%

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news in one place.

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Evening Standard

Bank of England warns of recession and says inflation will hit 10%

Inflation will top 10% by the end of the year, the highest rate since 1982, the Bank of England warned today.

Daily Mirror

Bank of England warns energy bills will hit £2,800 and inflation will surge to 10%

The cost of living will hit a record high this year, the Bank of England is warning, with inflation due to hit 10% and the price of energy bills and food likely to keep rising

Daily Mirror

Mortgage warning for millions of Brits with payments to jump by hundreds of pounds

The Bank of England today confirmed it will increase its base rate from 0.75% to 1% - the fourth consecutive rise since December 2021, when rates were at 0.1%. Here's how it affects your mortgage

Evening Standard

Interest rates raised to 1% by Bank of England - the highest rate in 13 years

The rise tightens the cost-of-living squeeze for Londoners and has been described as a ‘bitter blow’

The Independent UK

Bank hikes rates to 1% and warns cost crisis will send economy into reverse

Members of the Bank’s nine-strong Monetary Policy Committee voted 6-3 to increase rates from 0.75% to 1%, the highest level for 13 years.

Wales Online

Bank of England raises interest rate to 1% - a 13-year high

The change will mean higher mortgage costs and increased charges for anyone in debt or who is borrowing

The Guardian - UK

Bank of England raises interest rates as it warns of recession and 10% inflation

Rise to 1% is fourth successive increase and highest level since February 2009

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