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The Latest Breaking News from Bank of England

Interest rates set to rise again as Bank of England braces for ‘shallow’ recession

Decision on Thursday would be the 10th time in a row that policymakers have opted for an increase

The Independent UK

Virgin Money launches first sub-4% fixed rate home buying mortgage since October

Milestone deal comes on the eve of an expected rate rise from the Bank of England

Evening Standard

Average UK house price falls again in January

The averge house price dropped by 0.6 per cent in January, Nationwide Building Society says

The Independent UK

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read the most diverse news in one place.

Eight money changes to look out for in February - from a new Universal Credit rule to energy price cap

This list will help you keep on top of any changes that could affect your finances this month, including interest rate and Ofgem price cap announcements

Chronicle Live

UK house prices fall for fifth month in a row

Average cost of home now 3.2% below August 2022 peak as mortgage demand slumps

The Guardian - UK

Average UK house price fell by 0.6% in January

Annual house price growth slowed to 1.1%, from 2.8% in December, Nationwide Building Society said.

The Independent UK

Tory MPs urge Hunt to bring forward tax cuts after bleak IMF forecast

Chancellor defiant as pressure mounts with warning from within that party could face end of an era in government

The Guardian - UK

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Bad economics at the BBC enabled Tory austerity and its aftermath – and it knows as much

Too many journalists don’t get ‘basic economics’, an internal review says. Imagine the effect that’s had on UK politics, says James Meadway of the Progressive Economy Forum

The Guardian - UK

Why is the UK economy doing worse than the rest of the G7?

Factors behind IMF’s latest forecast which shows UK will be only large economy to contract this year

The Guardian - UK

Homeowners and housing market on watch for signs of peak rates into Bank of England hike

Monetary Policy Committee set to lift base rates at high noon on Thursday

Evening Standard

Why the UK economy is worse off than Russia and other EU countries

IMF says UK economy will contract by a worse-than-expected -0.6 per cent

The Independent UK

UK demand for mortgages slumps as interest rates deter buyers

Bank of England figures also reveal many households are dipping into savings, rather than using credit cards

The Guardian - UK

Mortgage approvals for house purchase drop to lowest levels since May 2020

Some 35,600 mortgages were approved for house purchase, which was the lowest total since May 2020, according to Bank of England figures.

The Independent UK

Eight key money changes in February - Universal Credit, passports, interest rates and more

Here are some of the key dates and changes next month including from the DWP - and how they could affect you

Nottingham Post

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The National (Scotland)

'Broken Brexit Britain': UK economy to be beat by Russia in dismal forecast

THE UK economy is set to shrink and perform worse than other major industrialised economies, including Russia, as the cost of living continues to…

The Independent UK

IMF warns UK economy is set for sharp contraction in ‘weakest performance among G7’

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

Wales Online

UK tipped to be weakest major economy in world as cost-of-living crisis hits households hard

The IMF has predicted UK output to shrink by 0.6% this year

The Independent UK

UK economy to shrink more than Russia, predicts IMF

The forecast leaves the UK economy languishing behind sanctions-hit Russia

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news in one place.

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The Guardian - UK

Britain the only G7 economy forecast to shrink in 2023

IMF says UK economy is likely to contract 0.6% as rising interest rates and higher taxes take toll

Daily Mirror

UK economy to go BACKWARDS in 2023 with worst performance of all major nations

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

Daily Mirror

Eight money changes coming in February including Universal Credit and passport shake-up

There are plenty of money changes coming up in February that could impact your wallet - from inflation and interest rate announcements to changes to Universal Credit

The Independent UK

Bank of England expected to raise interest rates for 10th time running

Decision would pile more pressure on already-strained borrowers

The Guardian - UK

Bank of England poised to raise interest rates for 10th time in a row

Policymakers face balancing act between driving inflation down and risk of deepening economic slump

The Guardian - UK

England’s old boys’ club has evolved into ‘the network’, made up of high rollers and City slickers

Powerbrokering has shifted from landed gentry to financiers and businessmen, says Guardian columnist Nesrine Malik

Wales Online

Cash-strapped families warned interest rates likely to rise again next week

The Bank of England will announce its decision on Thursday

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