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The Latest Breaking News from Bank of England

Halifax apologises after wrongly telling customers base rate had changed

Customers of Halifax and Lloyds Bank, which is in the same banking group, were affected by the error.

The Independent UK

Bank of England poised to ramp up interest rates as inflation bites

TWITCHY central banks are poised to aggressively hike interest rates this week in a bid to combat soaring inflation, but they risk plunging already wobbly economies into recession say experts.

Evening Standard

UK interest rates over time - When were mortgage rates at their highest?

Mortgage rates reached an all time high in 1998

Wales Online

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Boris Johnson sounds alert over mortgage payment hikes as cost of living crisis grows

Millions of families have been warned that their mortgages could rise even further if Britain is hit by an inflationary spiral.

Evening Standard

How the Bank of England base rate rise will affect you as inflation predicted to rise to highest level

Will the Bank of England rate change affect you?

Manchester Evening News

More Universal Credit and council tax changes to be aware of

After April brought a raft of price hikes, there are more changes impacting the cost of living coming this month

Liverpool Echo

‘I can’t see it getting any better’: could the UK be heading for a recession?

Small business owners are already being hit as consumers cut back on non-essentials

The Guardian - UK

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From Universal Credit to Sky bills - Six money changes coming in May

Some important financial changes will be made in the month of May

Chronicle Live

Six money changes coming in May - including Universal Credit and higher interest rates

April brought a huge raft of bill increases including a huge hike to energy bills, as the cost of living crisis deepened. But what does May have in store for families? We explain all the changes

Daily Mirror

The global stagflation shock of 2022: How bad could it get?

The double blow of pandemic and war has caused inflation to surge and growth to slow around the world. But experts do not expect a return to the 1970s

Financial Times

Bank of England ‘duty bound’ to trigger recession to curb inflation

Ex-official says policymakers must shrink the UK economy to limit upward pressure on prices made worse by Brexit

The Guardian - UK

Warning to shoppers using cash to pay in ASDA, Tesco, Home Bargains, Aldi and Morrisons

Edinburgh Live

Economic downturn likely, the Institute of Directors warns

Cost of living crisis, inflationary pressures and uncertainty about Ukraine mean the UK’s pandemic rebound is running out of steam

The Guardian - UK

Cash warning issued to shoppers in ASDA, Tesco, Home Bargains, Aldi, Morrisons, M&S & Lidl

Shoppers wishing to pay with £20 or £50 notes have been warned about in-store spending as of September.

Chronicle Live

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Wales Online

Warning issued to anyone using £20 and £50 notes in supermarkets and retailers

A change is coming in that will effect people using these notes

Nottingham Post

Asda, Aldi, Lidl, Tesco and Morrisons shoppers issued warning over using cash for their shopping

Transactions could be rejected

Daily Record

How to exchange old banknotes before they expire as warning issued to shoppers

From September, shops like Tesco, Asda, Aldi and M&S and Morrisons will no longer accept paper banknotes.

Manchester Evening News

Warning issued to anyone who still uses cash to pay in ASDA, Tesco, Home Bargains, Aldi, Morrisons, M&S and Lidl

Shoppers who use £20 or £50 notes have been given a six month warning

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Liverpool Echo

Bank of England warning to anyone who uses £20 or £50 notes

Time is running out for cash users to spend their notes

Daily Mirror

Warning to anybody who still uses paper £20 and £50 notes as deadline approaches

The notes are being replaced with the new polymer £20 notes featuring J.M.W. Turner, and polymer £50 notes featuring Alan Turing, which will be even harder to counterfeit

Chronicle Live

Time running out to spend paper £20 and £50 notes as they cease to be legal tender

The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after September 30.

Bristol Post

Paper £20 and £50 notes to become void in matter of months

Cash users will have just six months before the banknotes will no longer be valid

The Guardian - UK

Halifax tempts savers with special £1.35m prize draw

June promotion will include 10 top prizes of £100,000 rather than the usual three

Daily Mirror

Cost of living crisis dragging country into recession - and seven steps to avoid it

When asked by YouGov about their economic expectations for the coming year, most people reported that their hopes had never been lower. The country is facing an economic crisis

The Guardian - UK

IMF warns Russia-Ukraine war will have ‘severe economic consequences’ for Europe – as it happened

IMF slashes growth forecasts for Europe, as pound falls 1.1% to 18-month low after sharp retail sales decline and April PMIs point to much weaker speed of recovery across UK economy

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