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The Latest Breaking News from Bank of England

Bank of England Under Fire From Leader of the Campaign for Fair Finance

Is the Bank of England up to the job of managing the UK's monetary policy? The leader of The Campaign for Fair Finance Dr Roger Gewolb offered me his views of the UK's central bank.

International Business Times UK

Mortgage approvals dip despite increase in lending

Bank of England data released on Friday has revealed that there were 61,100 mortgage approvals for house purchases in April.

The Independent UK

Does the state of the UK economy inspire confidence? An expert crunches the numbers

The most recent UK inflation figures, released towards the end of May 2024, saw a drop in the official rate of price rises to 2.3%, not that far off the Bank of England’s target level of 2%. Jeremy Hunt, the chancellor of the exchequer, said the figures were encouraging.

The Conversation

From analysis to the latest developments in health,
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Business bosses desert Tories and defect to Labour

As Rishi Sunak faces an exodus of 76 Conservative MPs at the election, Labour welcomed the support of 121 business leaders

The Independent UK

European Central Bank ready to cut interest rates; UK retail sales jump as inflation slows – business live

ECB policymakers indicates June rate cut is a done deal, while IT glitch which prevented some NatWest customers accessing accounts has been fixed

The Guardian - UK

'Mind-boggling': Mortgage brokers shocked as Barclays ups interest rates but TSB cuts

It comes soon after higher-than-expected inflation appeared to rule out a June interest rate cut from the Bank of England

Evening Standard

What is tandem OLED screen tech? How does it work?

The new iPad Pro has a tandem OLED screen – but what exactly is it?

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Influential survey offers hope Bank of England may cut interest rates in August

High services inflation has prevented the Bank of England from cutting rates so far, but it may finally be coming down

Evening Standard

General Election 2024: What are the key Labour and Conservative manifesto policies?

Rishi Sunak has called a snap general election for July

The Independent UK

UK inflation falls to 2.3%, lowest level in nearly 3 years but still above Bank of England's target

Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills

The Independent UK

Big drop in UK inflation rate disguises more disappointing details

Service sector inflation, monitored closely by Bank of England, barely budged in April

The Guardian - UK

Rishi Sunak told 'cost of living crisis not over' as inflation eases

THE Prime Minister has been warned the cost of living crisis is not yet over as he welcomed the latest inflation figures.

The National (Scotland)

UK Inflation Slows To Near Three-year Low

Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch before this year's general election.

International Business Times

Blow to interest rate cut hopes as inflation remains above Bank of England target

The sharp fall in the Consumer Prices Index was driven by the lower energy price cap an lower food bills

Evening Standard

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The Independent UK

Inflation falls to 2.3% in boost for Rishi Sunak

In a boost for Rishi Sunak, the rate of inflation is now just 0.3 per cent away from the Bank of England’s 2 per cent target, having skyrocketed in the wake of Russia’s full-scale invasion of Ukraine

The Guardian - UK

UK inflation falls by less than expected to 2.3%, reducing chance of June rate cut

Drop in April is smaller than forecast but level is still lowest in almost three years

The Independent UK

UK inflation - live: Tories call for cut to interest rates despite market gloom over rising prices

Rate of Consumer Prices Index inflation falls to 2.3 per cent in April

The Guardian - UK

Three years of pain: how inflation drove the UK cost of living crisis

With prices forecast to increase at their slowest pace since 2021, we look at the biggest risers in goods and services

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The Independent UK

UK inflation predicted to drop close to Bank of England’s 2% target

Forecasters think inflation will drop to 2.1 per cent for April

International Business Times

IMF Cautions On Timing Of UK Rate Cut

The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start cutting interest rates or risk harming an economy recently out of recession.

Evening Standard

Homeowners given hope of THREE interest rate cuts this year by a new report by leading economists

The IMF raised the prospect of summer cuts to interest rates by the Bank of England, and of a fall from 5.25 per cent to 4.5 per cent in 2024

The Guardian - UK

UK economy heading for ‘soft landing’ says IMF, in warning against tax cuts – as it happened

The IMF has delivered its verdict on the UK economy, and signalling its opposition to pre-election tax cuts from Jeremy Hunt

Evening Standard

'Momentous' inflation data will give big clue on interest rate cut timing

Inflation is set to fall to the brink of the Bank of England’s official 2% target

The Guardian - UK

UK interest rate cut is ‘possible’ this summer, says Bank of England deputy

Ben Broadbent says direct impact of Covid and Ukraine war on inflation has faded and BoE is waiting for longer-term effects to decline

The Guardian - UK

Bank of England plans sevenfold expansion of Leeds operation

One in 10 officials to be based in city within three years and 70-strong team will increase to 500

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