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The Latest Breaking News from Bank of England

First pictures of King Charles III banknotes - and when they will be released

New-look banknotes showing the portrait of King Charles III have been shared by the Bank of England for the first time - but the eco-conscious monarch wants them to enter circulation slowly

Daily Mirror

King Charles III bank note designs revealed by Bank of England

Monarch’s portrait on £5, £10, £20 and £50 likely to enter circulation in 2024

The Guardian - UK

City bankers could receive unlimited bonuses as Bank of England pay consultation begins

City bankers may soon be able to receive unlimited bonuses after the Bank of England today announced plans for a consultation on scrapping the so-called ‘bonus cap’.

Evening Standard

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Call for wealth tax as UK billionaire numbers up by 20% since pandemic

‘Sudden explosion of billionaire wealth’ at the expense of the rest of society is ‘grossly unjust’, says new report

The Guardian - UK

It’s not pay claims that are driving up prices in Britain. It’s profits

Whatever the chancellor and the Bank may suggest, wage settlements are still running behind the rate of inflation

The Guardian - UK

Fresh hope to save Simpson’s Tavern chophouse after it’s designated ‘asset of community value’

The restaurant near the Bank of England was founded in 1757

Evening Standard

Why interest rates have gone up - and what impact it will have on households

Interest rates are at their highest point in 14 years after the ninth increase in a row by the Bank of England

Wales Online

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Seven reasons why higher mortgage rates affect EVERYONE - including renters to savers

As mortgage costs continue to rise, we explain why rising interest rates affects almost every person - not just homeowners - after another week for the UK economy

Daily Mirror

Bank of England interest rate rise – what it means for borrowers and savers

Rate rise to 3.5% affects everything from mortgages to credit cards, loans and savings. Here is all you need to know

The Guardian - UK

Martin Lewis' word of warning to UK homeowners minutes after Bank of England announcement

The consumer champion took to Twitter immediately after the news broke

Manchester Evening News

First-time buyers ‘may need to lower ambitions’ as rates hiked further

The latest Bank of England base rate rise will add around £49 per month to the average tracker mortgage.

The Independent UK

Interest rates increased to 3.5% by Bank of England in 14-year high to tackle inflation

The Bank has raised interest rates once again in a bid to meet its 2% inflation target, with figures this week showing that inflation is currently at 10.7%

Chronicle Live

Bank of England hikes interest rates again to 3.5 percent in new 14 year high

It comes as inflation dipped slightly last month to 10.7 percent

Manchester Evening News

Bank of England raises interest rates to new 14-year high

Warnings that further interest rate rises are likely in the coming months to stabilise the economy

Insider UK

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Evening Standard

Bank of England raises interest rates to 3.5%

Thousands of London families were dealt a new cost of living blow on Thursday when the Bank of England ordered a 0.5 per cent rise in interest rates to a 14 year high of 3.5 per cent.

The National (Scotland)

Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised interest rates to their highest level for 14 years, putting further pressure on mortgage holders.

Wales Online

Mortgage payments up again as interest rates hiked to highest level in 14 years

The Bank of England has raised interest rates to 3.5% from 3%

The Independent UK

Bank of England raises interest rates to 3.5% despite inflation easing

Borrowers hit with higher costs as bankers signal UK not out of the woods yet

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The Guardian - UK

Bank of England raises interest rates to 3.5% in ninth increase in a year

Majority of MPC rate-setters back hike of 0.5 percentage points despite fears UK is entering a long recession

Daily Mirror

Interest rates hiked to 3.5% in 14-year high - what it means for your money

The base rate - which was already at a 14-year high - has today been increased by 0.5 percentage points, up from 3% and the ninth time in a row the Bank of England has taken action

The Independent UK

Interest rates – live: Bank of England hikes base rate in fresh blow to mortgage holders

Officials raise base rate for ninth consecutive time

The Independent UK

Bank of England poised to slow pace of interest rate hikes

Britain’s central bank is expected to deliver its ninth straight interest rate hike

Evening Standard

Minister hails ‘green shoots of recovery’ in Britain as she opposes nursing union’s pay demands

A minister claimed on Thursday that the “green shoots of recovery” were emerging in Britain as she argued against big pay rises for nurses and other public sector workers.

The Guardian - UK

Bank of England’s Bailey sees ‘first glimmer’ of inflation easing, after lifting interest rates to 3.5% – business live

Bank of England says most housing market indicators have continued to soften, as it increases UK interest rates to 14-year high of 3.5% in split decision

Evening Standard

FTSE 100 Live: Pound falls after Bank of England hikes interest rates by 0.5%; Gas prices jump sixfold

The impact of higher interest rates and surging living costs is today revealed in retail sales and consumer confidence figures.

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