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The Latest Breaking News from Bank of England

Six per cent interest rate warning in ‘bumpy’ battle to halve inflation this year

‘We are going to stay the course and get inflation down,’ Work and Pensions Secretary Mel Stride said

Evening Standard

Martin Lewis' MSE website explains if you should fix your mortgage deal now

The recent Money Saving Expert (MSE) newsletter reported that 1.4million mortgage deals are coming to an end this year, so many will need to think about how the next interest rate rise could affect their mortgage payments

Daily Mirror

The first 110-inch 16K TV screen is here to make your projector feel inadequate

Chinese display maker BOE has unveiled a truly massive 110-inch 16K TV panel, putting even 8K TVs and projectors to shame.

TechRadar

From analysis to the latest developments in health,
read the most diverse news in one place.

UK banks shortchanging savers with ‘measly’ rates, says Which?

Some instant access accounts as low as 0.1% despite Bank of England’s 4.5% base interest rate

The Guardian - UK

Savers should ditch and switch if they are not satisfied with rates – Which?

The consumer group said become even more important to get better returns on savings accounts amid the living costs squeeze.

The Independent UK

DWP major changes planned for June as well as driving laws and energy prices

A number of new rules will start in the coming month

Belfast Live

Seven money changes coming in June and how they'll impact your bank account

The Bank of England will make an interest rate announcement and the latest inflation rate will be released

Manchester Evening News

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Is it worth playing the waiting game in the hope of a better mortgage deal?

As costs rose yet again last week, with a warning to expect 5%-plus fixed rates, we look at the options for homebuyers

The Guardian - UK

Hunt will back more interest rate rises even if they push UK to recession

Chancellor will back Bank of England’s decisions because ‘inflation is a source of instability’

The Guardian - UK

Jeremy Hunt backs interest rate hikes even if they cause recession; UK retail sales jump – as it happened

Chancellor says “only path to sustainable growth” is to bring down high prices behind cost of living crisis, as mortgage rates climb

The Guardian - UK

Nationwide hikes mortgage rates by up to 0.45% as inflation shocks markets

The move follows Wednesday’s inflation data which has raised bets on further Bank of England interest rate rises this year

Evening Standard

16K displays are already here to bring future Nvidia and AMD GPUs to their knees

Chinese display giant has a 110-inch prototype monitor on show as market waits for more 8K screens.

TechRadar

Fixed rate vs variable rate mortgages - Glasgow Live's columnist breaks down the pros and cons

Your mortgage is generally taken out over a long period of time, and your interest rate, mortgage deal, and possibly lender, has the potential to change multiple times over the term of your mortgage.

Glasgow Live

If this is the world’s first 16K TV, I don’t want it

Chinese TV manufacturer BOE just debuted a 110-inch 16K display. The only problem? Its specs are trash.

Tom’s Guide

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Tom’s Hardware

BOE's Insane 110-inch 16K Display Humbles Even the Mighty RTX 4090

BOE showcased its 110-inch 16K panel at Display Week 2023. This unit is a prototype built for the show and there's no timeline for when (if) it will be available.

The Conversation

Why profits, not pay, have caused the cost of living crisis

The Bank of England accompanied its most recent UK interest rate hike – the 12th in a row – with a warning that UK price inflation is likely to be higher for longer than expected due to soaring food costs. The bank has been hiking rates since December 2021 to…

Evening Standard

Have we avoided a recession, or just delayed it?

City comment: Markets are losing faith in the Bank of England’s strategy

Daily Mirror

Homeowners' mortgage woe as interest rates tipped to rise AGAIN despite inflation falling

Today's inflation figure is higher than predicted as many believed the inflation rate would drop as low as 8.2% - while it may sound like good news, experts have issued a warning

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The Independent UK

Watch live: Bank of England and Cop27 heads speak at climate summit

Watch live as the City of London hosts a climate summit on delivering net zero on Wednesday, 24 May.

The Independent UK

UK inflation falls to lowest level in over a year but food prices keep decline in check

Official figures show that inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s invasion of Ukraine which caused energy and food costs to surge

The Guardian - UK

UK interest rates forecast to jump above 5% this year after higher-than-expected inflation – as it happened

Rolling, live coverage of business, economics and financial markets as consumer price index inflation reaches 8.7%, well above forecasts

The Guardian - UK

Wednesday briefing: Why the UK’s inflation rate just came down to 8.7%

In today’s newsletter: It’s good news – but the figure is still a bit higher than expected, even as energy costs decline. As the latest data is released, we look at its ongoing impact – and what it means for you

The Guardian - UK

Bank of England says inflation has ‘turned corner’ despite soaring food prices

Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errors

The Independent UK

Watch: Top Bank of England economists face questions on interest rate increases

The Bank of England’s top economists faced questions on interest rates on Tuesday, 23 May.

The Independent UK

Stop raising interest rates, Jeremy Hunt’s adviser tells Bank of England

‘We can afford to take more time to get inflation back down,’ says Andy Haldane

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