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The Latest Breaking News from Bank of England

What Bank of England emergency action means for your pension, mortgage and the pound

The Bank of England has been forced to intervene to help pension funds after the Mini-Budget spooked financial markets - but its emergency bond-buying programme is set to end on Friday

Daily Mirror

Liz Truss - live: No 10 warns of ‘difficult decisions’ despite PM ruling out spending cuts

The PM claimed in the Commons that she had ‘protected’ the UK economy

The Independent UK

How do interest rates affect inflation?

Borrowing costs at their highest level in 14 years

The Independent UK

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Pound falls further as Bank of England warns market support will end soon

THE pound fell again overnight after the Bank of England governor warned its emergency support package for the markets would end on Friday.

The National (Scotland)

No 10 warns of ‘difficult decisions’ on public spending despite Truss’s vow to avoid cuts – as it happened

Statement from No 10 comes straight after PM told MPs she was ‘absolutely’ committed to avoiding public spending cuts

The Guardian - UK

Kwasi Kwarteng’s ‘original sin’ caused UK turmoil, says ex-Bank of England deputy

Sir Charlie Bean says Bank could extend emergency action to ease ‘pressure’ on government

The Independent UK

Risk of recession rises as UK economy shrinks in August

THE risk of a recession has risen after the UK’s economy shrank in August as factories and consumer services firms struggled, according to…

The National (Scotland)

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Pound falls after UK bank chief rules out extending help

The pound sank against the dollar after the governor of the Bank of England confirmed the bank will not extend an emergency debt-buying plan introduced last month to stabilize financial markets

The Independent UK

Jacob Rees-Mogg claims parts of economy in ‘good state’ and insists pensions safe

Cabinet minister clashes with BBC host – and reveals his own mortgage payments have gone up

The Independent UK

‘Significant’ rate rise needed in November, warns Bank of England chief economist – as it happened

UK government bond selloff continues, pushing 20-year gilt yield to 20-year high, as BOE reiterates bond-buying programme will end on Friday; UK economy on brink of recession

The Guardian - UK

Pound falls after Bank of England warns market support will end in days

There is continuing market turmoil in the wake of Chancellor Kwasi Kwarteng’s mini-budget

Wales Online

FTSE 100 Live: Bank of England warns over bond support, GDP contracts

The UK’s recession fears were fuelled today after figures showed a bigger-than-expected contraction in GDP in August.

Evening Standard

Wednesday briefing: How much time will Conservative MPs give Liz Truss?

In today’s newsletter: Liz Truss gives her first PMQs since the fiscal statement that blew up her premiership and may hope to calm colleagues. But from benefits cuts to despairing backbenchers, she has a lot to deal with

The Guardian - UK

Pound wobbles as Bank of England warns market support will end on Friday

Governor Andrew Bailey warned there could be no further extension beyond the end of the week

Evening Standard

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The Independent UK

Pound - live: Ex-Bank of England deputy says Truss tax cuts behind market turmoil

Bank of England’s announcement triggers further uproar in financial markets as pound slips again

Manchester Evening News

Move May bank holiday for King Charles III’s coronation, say MPs

A number of MPs have called for the May 1 bank holiday to be pushed back until Monday May 8

Wales Online

New pension fund warning sparks fresh slump in the pound

Bank of England governor says UK government bond market now poses a 'material risk to UK financial stability'

The Independent UK

Pound plunges as Bank of England warns market emergency support will end on Friday

Sterling fell more than a cent against the dollar to its lowest rate since 29 September

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The Independent UK

Liz Truss to face MPs after mini-budget wreaks financial chaos

Governor Andrew Bailey sparked more market turmoil after he said Bank of England support will end on Friday.

Daily Mirror

Major pension fears as Bank of England governor issues 3 day warning and pound PLUNGES

The pound fell after the Bank of England gave pension funds a three day warning to balance their books before it removes emergency support for the bond market on Friday

ABC News

ASX flat, BHP loses High Court appeal, IMF warns of global recession risks

Australian shares have ended the session flat after a volatile trade on Wednesday, with gains in financials outweighing losses in mining and energy stocks, while caution prevailed ahead of key US inflation data due later in the week.

The Guardian - UK

Fresh storms threaten Bank of England’s high-wire act

Index-linked gilts join list of things Bank is prepared to buy as dreaded phrase ‘material risk to financial stability’ returns

The Guardian - UK

What has the Bank done and is my pension safe?

For the third time in a fortnight, the Bank of England has bought government bonds to calm financial markets

Evening Standard

The Leader podcast: How ‘at risk’ is my money?

New Bank of England emergency bond-buying intervention in mini-Budget fallout

The Independent UK

Pressure mounts on Truss and Kwarteng over economic plans

Senior Tories warned the Chancellor of further turmoil if he does not get the support of MPs for his fiscal measures.

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