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The Latest Breaking News from Bank of England

Interest rates up to 3% as Bank of England bids to tackle cost of living crisis and warns of long recession

Rise from 2.25% to 3% had been widely expected and is biggest since 1980s

Birmingham Post

Scots face mortgage spike as biggest interest rate rise since 1980s announced

The Bank warned the UK could be on course for the longest recession since reliable records began in the 1920s.

Daily Record

How high could interest rates go after hitting 3% today - and why they're rising

The Bank of England has today hiked interest rates to 3% - but will interest rates keep rising? Market analysts suggest they will - but predictions have been scaled back in recent days

Daily Mirror

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Bank of England warns of longest recession since the 1930s

Interest rate rise to 3% is biggest since 1989 and fears UK economy may go into longer, deeper recession

The Guardian - UK

Use our mortgage calculator to work out much your payments will rise by after rate hike

Mortgage costs are set to rise by £1,100 a year for two million households on variable-rate deals, with millions more facing higher prices when their fixed-rate homeloan comes up for renewal

Daily Mirror

Interest rates hit 3% in biggest rise in 30 years - what it means for your money

The Bank of England has hiked interest rates to 3% - but what exactly does it mean for your mortgages, debts and savings? We explain everything you need to know

Daily Mirror

What is inflation and what is its current rate in the UK and Europe?

UK inflation hit a 41-year high in October as gas prices soar

The Independent UK

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What time is the Bank of England interest rate announcement today?

The biggest interest rate rise in 33 years is expected to be confirmed

Manchester Evening News

UK poised to enact biggest interest rate hike in 3 decades

The Bank of England is expected to announce its biggest interest rate increase in three decades as it seeks to beat back stubbornly high inflation fueled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss

The Independent UK

UK in ‘prolonged recession’ as Bank of England hikes interest rates to 3%, knocking pound – as it happened

Bank of England has made its biggest interest rate rise in three decades, but signals rates won’t rise as high as markets had expected

The Guardian - UK

FTSE 100 Live: Pound drops 2% as Bank of England hikes rates into longest recession in modern history

US jobs figures will today keep monetary policy in the spotlight after a week of outsized interest rate movements.

Evening Standard

Warning to homeowners as mortgage prices could spike again today

The Bank of England is expected to unveil the biggest interest rates in decades

Liverpool Echo

Interest rates UK – latest: Mortgage holders face soaring repayments after Bank hike

Bank of England announces biggest surge in rates since the 1980s

The Independent UK

Mortgage warning as Bank of England expected to announce biggest interest rate hike since 1980s

This could be the eighth time in a row that Bank of England hikes interest rates — less than a year ago it was 0.1pc.

Wales Online

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The Independent UK

Mortgages could spike again as interest rates set for biggest rise since 1980s

If – as expected – the Bank raises interest rates by 0.75 percentage points, it would be the biggest single increase since 1989.

The Guardian - UK

Interest rates likely to jump as markets await Bank of England decision

Analysts believe a 0.75 percentage point rise is likely, potentially the biggest hike in the base rate since 1989

The Guardian - UK

The Guardian view on the Bank of England: on the side of profit, not people

Editorial: The Bank places an oppressive thumb on the scale of economic justice, to guarantee the dominance of extractive interests

Manchester Evening News

Mortgages likely to soar again as Bank of England set to announce 'biggest interest rate rise' in decades

The Bank of England's decision tomorrow (November 3) could push up monthly repayments for millions of homeowners

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The Independent UK

Bank of England to announce biggest hike in interest rates for 33 years

Food inflation soared to a record 11.6 per cent in October

Wales Online

Mortgages could spike again as Bank of England set to unveil biggest interest rate rise since 1980s

It could again push up the amount that millions of mortgage holders have to pay their banks every month

The Guardian - UK

The UK economy is about to be thrown into a black hole – by its own government

It fits the definition of madness to propose more austerity. But that, along with higher interest rates, is what’s coming, says Guardian economics editor Larry Elliott

Daily Mirror

Join us LIVE as we explain how Bank of England interest rate hike affects you

Mirror business editor Graham Hiscott will be joined by Mirror Money reporter Sam Barker today (November 3) at 3pm to run through how your mortgage, savings and loans are affected

Daily Mirror

Biggest interest rate rise in 33 years set to cost mortgage borrowers an extra £1,100

Analysts are predicting the Bank of England Monetary Policy Committee will vote to up its rate by 0.75 percentage points, from 2.25% to 3% this afternoon - in what would spell more misery for homeowners

Evening Standard

Maersk warns of ‘dark clouds on the horizon’ as it cuts demand forecast amid growing recession fears

The firm said vacancy rates for warehousing fell to near-historic lows, as businesses scrambled for extra storage space to hold their swelling inventory levels after a drop-off in consumer demand

Daily Mirror

Martin Lewis urges households to 'stop the savings rip-off' and swap to best accounts

MSE boss Martin Lewis says many Brits are being underpaid on savings accounts, but that the best deals are shooting up in price rapidly, with another rise likely from Thursday

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