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The Latest Breaking News from Bank of England

Next up is Jeremy Hunt as blockbuster week for the economy heads into the Autumn Statement

Thursday’s Westminster set-piece from Chancellor Jeremy Hunt is the main event in a big week for inflation, jobs and tax

Evening Standard

Boost for savers as some average rates hit best level in more than a decade

Savers can now typically receive 1.16% in annual interest on an easy access account, which is the highest typical return since 2009, Moneyfacts said.

The Independent UK

Monday briefing: The UK has slumped into recession once more – how will Sunak and Hunt respond?

In today’s newsletter: Days before the Chancellor’s budget on Thursday, the government has an energy crisis, rising poverty and strikes to handle – and it could get worse

The Guardian - UK

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Martin Lewis explains what interest rate hikes mean for mortgage bills

The Bank of England increased the base rate to the highest level in 14 years

The Independent UK

What does the autumn statement have in store? A poison pill for Labour

Spending cuts and tax rises will deepen the recession so the pain will be deferred until 2025 and a likely Starmer government

The Guardian - UK

Truss? Brexit? Covid? Who is really to blame for the Tories’ ‘fiscal hole’?

The succession of PMs have all spoken out on who or what has caused the state of UK finances. They’re all partly right, but conveniently miss out one or two other key reasons

The Guardian - UK

Austerity 2? No, thank you! Jeremy Hunt warns about another brutal era of cuts in Budget

Another three months of falling growth would mean a recession, with the Bank of England warning it could be the longest downturn for a century

Daily Mirror

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Tory tensions over autumn statement erupt as UK heads for recession

Chancellor warns of ‘eye-watering’ decisions to come

The Independent UK

The Standard View: Autumn Statement pain is coming, but we need a long-term prosperity plan

Today’s figures confirm what the forecasters and the Bank of England have already predicted: the British economy is shrinking. GDP contracted by 0.2 per cent between July and September, as spiralling prices and energy bills impacted households and businesses.

Evening Standard

Six big money changes that will hit your wallet - from Autumn Statement to interest rates

We round up all six of the biggest financial announcements and changes expected over the next few months, including when interest rates and inflation will rise again and what to expect in the Autumn Statement

Daily Mirror

Santander issues important message to anyone on their 123 Current Account

Glasgow Live

Bank of England governor praises companies raising pay for lowest paid

On a visit to the North of England, Andrew Bailey said that efforts to bring inflation under control were likely to last another 18 months

Birmingham Post

UK economy shrinks as economists warn of more pain to come

Statistics show that Britain’s economy shrank in the three months to September, and forecasters are warning of many months of contraction to come

The Independent UK

UK economy shrinks amid fears of longest recession since records began

Chancellor Jeremy Hunt says ‘tough rough ahead’ as he prepares to slash public spending

The Independent UK

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Wales Online

Economy shrinks in what could be start of long recession

The reading comes just a week after the Bank of England published a caveated forecast that the UK might be headed for an eight-quarter recession – the longest consecutive recession since reliable records began in the 1920s

Chronicle Live

Funny money: Gateshead man caught with 41 fake 'twenty POOND' notes stuffed down his sock

William Hickson, of Gateshead, had £820 of the counterfeit Geordie-sounding currency when searched at a Newcastle police station

The Independent UK

Chancellor: Autumn budget among ‘biggest responsibilities’ of political career

Writing in his local paper, the Chancellor offered little clue of what measures he was planning on November 17.

The Guardian - UK

Wall Street surges and dollar tumbles as US inflation rate drops to 7.7% – as it happened

Dollar slides and stocks rally in New York on hopes that the Federal Reserve will slow its interest rate rises

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news in one place.

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The Guardian - UK

Discipline the poor, protect the rich – it’s the same old Tories, same old class war

Brexit didn’t change the party: austerity was as heartless under Cameron and Osborne as it is under Sunak, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

Jeremy Hunt expected to increase number of Britons paying top tax rate

Move to lower threshold from £150,000 would be in line with Hunt’s vow that tax rises should hit ‘broadest shoulders’

The Guardian - UK

Worsening health of Britons is holding back UK economy, Andy Haldane warns

RSA chief executive says century of progress now going into reverse after years of underinvestment

Evening Standard

Londoners brace for a long recession and numbers out on Friday could be the start of it

Attention in the boardrooms and cab ranks of the capital turns to looming GDP readout

Liverpool Echo

Santander's message to anyone with a 123 bank account

Competition between bank providers ramps up

The Guardian - UK

Bank of England will raise interest rates again, says chief economist

Huw Pill says there is ‘still more to do’ on tackling inflation despite risks of prolonged recession

The Independent UK

Santander improves interest rate on flagship 123 current accounts

The new rate of 1.75% will automatically apply from Tuesday.

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