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The Latest Breaking News from Bank of England

Why are interest rates going up – and how does raising them help inflation?

The Bank of England has hiked the interest rate to 4.5%

The Independent UK

Bank of England lifts inflation and growth forecasts as it raises interest rates to 4.5% – business live

BoE governor Andrew Bailey predicts inflation will have halved by the end of this year, thanks to falling energy bills

The Guardian - UK

FTSE 100 Live: Bank of England raises rates; FTSE closes at 7731

UK GDP fell by 0.3% in March, but that wasn’t enough to prevent the economy from growing over the quarter, the Office for National Statistics revealed today.

Evening Standard

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1.5m UK homeowners on variable rate mortgages face new borrowing rise

Poll of City analysts shows unanimous expectation of Bank of England raising interest rates to 4.5%

The Guardian - UK

Inflation-fighting Bank of England eyes 12th rate hike

London (AFP) - The Bank of England is forecast Thursday to deliver its twelfth straight interest rate hike as it seeks to dampen high inflation but risks worsening a cost-of-living crisis.

AFP

Martin Lewis issues warning ahead of latest interest rates announcement

Banks now offering customers 14-year high interest of nearly 5 per cent on their savings

The Independent UK

Interest rates latest and what it means for your mortgage, savings, and bills with changes expected this week

Another increase to interest rates is likely this week – but there is hope on the horizon for struggling households

Wales Online

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Martin Lewis issues urgent ‘rip off’ warning to everyone with savings

Martin Lewis warned his readers that savers were not utilising high interest rates and that "millions" had cash stuck in savings accounts and ISAs earning under 1%

Daily Mirror

Bank of England interest rate hikes: Is this the week they peak?

All eyes on Threadneedle Street at noon on Thursday as thousands of mortgages and loans track the base rate

Evening Standard

Bank of England may have to raise rates to 5% this summer, says Goldman Sachs

US investment bank believes inflationary pressures could force monetary policy committee’s hand

The Guardian - UK

All the DWP and other money changes you need to know about in May

Energy bills, benefit payments and even supermarket delivery costs are all set to change

Liverpool Echo

The Bank of England was right, inflation has made us poorer. But whose fault is it?

Central banks are keen to blame the surge in inflation on anyone but central banks

The Guardian - UK

Bank of England boss at centre of row over 'poor' comments lives in flat owned by parents

Huw Pill, 54, who earns £190,000 a year, sparked outrage when he said workers should stop asking for pay rises during the cost of living crisis

Daily Mirror

'Rich just get richer while poor have to accept being poorer'

Brian Reade on this week's slap in the face from the Bank of England's Huw Pill, hard to stomach when you consider the pay of FTSE 100 bosses surged 23% last year as ordinary folk flatlined

Daily Mirror

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Belfast Live

DWP advice on important changes to payments, tax credits and inflation in May

These are some of the dates to look out for in May

Chronicle Live

All the money changes coming in May including DWP benefit payments and cost announcements

See if any of these changes, such as Ofgem's price cap announcement and benefit payment dates, will affect your personal finances

The Guardian - UK

Huw Pill’s claim that we are all worse off is false. The rich have got richer

Letters: Public sector workers and food bank users don’t need the Bank’s chief economist to tell them who is worse off and who not, says Janet Dubé. Plus letters from David Redshaw, Mike Alcock, Austen Lynch and Andy Stelman

Manchester Evening News

All the DWP benefit payments, money changes and announcements that will affect your wallet in May

Many will receive their first Cost of Living payment in May as well as see an increase to their benefit payments

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Manchester Evening News

Bank of England to announce May changes to interest rates

A change in interest rates will have a direct effect on mortgages and loans

The Week

Is it time for Britons to accept they are poorer?

The Bank of England’s chief economist has come under fire for urging British people to accept they are poorer.

The Guardian - UK

‘People can’t just get used to it’: Wolverhampton reacts to Bank of England comments

Local authority with highest fuel poverty rate in England is angry at economist’s comment Britons ‘need to accept’ being worse off

Fortune

'Keep Calm and Carry On' has turned into accept 'we're all worse off' for Brits—and they're furious

The nation known for its stiff upper lip is refusing to accept it's getting poorer, the chief economist at its central bank said.

The Guardian - UK

The Bank of England is wrong again: workers aren’t to blame for inflation

Why should we ‘accept we’re worse off’, when corporate greed and global shortages are really to blame, asks James Meadway of the Progressive Economy Forum

Wales Online

Carol Vorderman's scathing 'gaslighting us all' response to top banker's claim we all have to accept we're poorer

The 62-year-old presenter, who is currently appearing on I'm A Celebrity... South Africa, criticised Bank of England chief economist Huw Pill

The National (Scotland)

Expert rips apart Bank of England economist's 'accept being poorer' claim

THE claim by the Bank of England's top economist that people in the UK need to accept they are poorer is part of a “conspiracy is against working…

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