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The Latest Breaking News from Bank of England

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

UK inflation fell this week as fuel prices dropped

The Independent UK

Pound to dollar: Why is the sterling so weak?

Currency tumbles again as Bank of England warned it is ending support package for pension funds on 14 October

The Independent UK

Opinion: With mortgage rates and the economy it’s better to plan and calculate than take a risk

"Many of the inflationary pressures are temporary and have a cause, which can be remedied with the right appetite"

Birmingham Post

From analysis to the latest developments in health,
read the most diverse news in one place.

There was a way to try ‘Singapore-on-Thames’ but not like this

Concern about the Truss-Kwarteng “dash for growth” mini-budget has morphed into the threat of a full-scale financial crisis, prompting the Bank of England to do more quantitative easing to ease panic in the market for government bonds.

Evening Standard

Nicola Sturgeon confirms Scottish Government won't repeat Tory tax cuts that 'crashed the pound'

The First Minister warned some Scots were now "terrified" of their ability to heat their homes and pay their mortgages this winter.

Daily Record

Douglas Ross smirks and heckles as he's told of Tory damage to UK economy

SCOTTISH Conservative leader Douglas Ross was caught on camera appearing to laugh and heckle as First Minister Nicola Sturgeon reeled off a list…

The National (Scotland)

Market Wrap: Volatility continues with pound’s flash-crash and a bearish US dollar

Volatility expected to remain heightened (in ‘both directions’) until the Fed manages to get inflation back under control.

The New Daily

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Mortgage repayment calculator: See how much your monthly bill could rise by if rates soar

With our mortgage repayment calculator, you can find out how much your bill would rise if interest rates went up as predicted. You simply need to put in the amount you owe and the interest rate

Daily Mirror

Mortgage rates Northern Ireland: How much extra you will pay as financial pressures continue

People are now "facing a personal financial crisis"

Belfast Live

Liz Truss says ‘we have the right plan’ despite economic turmoil

But ex-Bank chief takes aim at PM and Kwarteng

Evening Standard

9 car crash moments in Liz Truss's local radio grilling branded 'worst outing since 1216'

If Liz Truss thought her hour-long marathon of mini Budget local radio interviews would be a breeze, she was wrong - as listeners asked her "are you ashamed of what you've done?"

Daily Mirror

What is happening to the economy explained - from mortgages to pensions

Chancellor Kwasi Kwarteng's mini-Budget kick-started a chaotic chain of events that are now affecting everything from mortgages to pensions, with many homeloans pulled from the market and deals cancelled

Daily Mirror

Liz Truss says her government's 'controversial' economic plan is the 'right' one - despite market turmoil sparked by mini budget

The Prime Minister has been defending the plan on local radio stations

Manchester Evening News

‘Brutal’: media deride Liz Truss’s local radio interviews

Media commentators across political spectrum deride PM’s appearance on local radio to defend economic policy

The Guardian - UK

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The Independent UK

Why are Britain’s pension schemes dumping government bonds?

Bank of England forced to step in to calm gilt markets as mini-Budget financial storm rumbles on

The Guardian - UK

Nothing to see here: Truss allies’ curious excuses for financial meltdown

PM and her allies have a number of theories on why current turmoil has nothing to do with Kwasi Kwarteng’s mini-budget

The Independent UK

Petition demanding early general election passes 100,000 needed for parliament consideration

The motion will now be considered for debate

Manchester Evening News

"Enough to make your ears bleed": Listeners in disbelief at disastrous, awkward Liz Truss interviews this morning as Britain plunges into economic chaos

Ms Truss spoke publicly for the first time since the mini-budget sparked economic chaos

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news in one place.

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Glasgow Live

DWP benefit claimants issued warning as MPs suggests payments may not rise with inflation

Those who receive DWP benefits such as Universal Credit, Job Seekers Allowance and Pension Credit have been issued a warning as UK Government ministers suggest that payments may not rise with inflation rates.

Insider UK

Truss insists mini-budget is the ‘right plan’ despite market turmoil

Prime Minister faces the media for the first time since the Chancellor's mini-budget on Friday

France 24

Porsche IPO becomes one of Europe's biggest listings in years

Despite higher interest rates and rising inflation, the luxury sector is still thriving. German sports car brand Porsche is one example, with its strong earnings record and hotly anticipated IPO on the Frankfurt stock exchange this Thursday. Also in this edition, we look at the Bank of England's emergency move…

Benzinga

US Stock Futures Drop Ahead Of GDP, Jobless Claims Data; Micron, Nike Earnings In Focus

Pre-open movers

Leeds Live

BBC Radio Leeds presenter Rima Ahmed praised for 'brutal' interview of Prime Minister Liz Truss

The presenter was straight to the point asking Liz Truss 'where had she been?'

Daily Record

What Liz Truss said to every BBC radio station during car crash round of interviews

The Prime Minister attempted to address concerns surrounding her mini budget in the House of Commons last week.

Bristol Post

Liz Truss called out by Bristol radio presenter for giving 'scripted answers'

The Prime Minister hasn't been in the media since the government announced a series of tax cuts in its 'mini budget' on Friday

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