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The Latest Breaking News from Bank of England

Those profiting from pound plummet - Tory donor who placed bet and 'Truss supporters'

Crispin Odey was so confident with his prediction on the pound that he spent the day of the mini-budget shooting grouse

Daily Mirror

Truss urged by Starmer to recall Parliament as pound slumps despite Bank of England intervention

Labour leader adds to pressure on prime minister to call MPs back from conference recess to debate financial crisis

The Independent UK

Nicola Sturgeon warns UK is in 'financial crisis' and result could be worse than 2008 banking crash

The First Minister said it was inevitable there would be a sharp rise in interest rates - which would hit Scots with mortgages and credit card debt hard.

Daily Record

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What Rishi Sunak predicted about Liz Truss’s ‘fairytale’ economic plans

Former chancellor warned of ‘inflationary spiral’

The Independent UK

Would-be homeowners giving up on dream amid fears interest rates will soar

There is speculation the Bank of England may have to jack interest rates to as high as 6%

Evening Standard

UK faces 'economic situation not seen in living memory' says First Minister

Nicola Sturgeon said that the impact of the sweeping tax cuts could lead to an economic crisis worse than the 2008 global financial crash

The National (Scotland)

Bank of England forced to intervene to calm markets

The Bank of England has launched an emergency UK Government bond-buying programme to prevent borrowing costs from spiralling out of control and stave off a “material risk to UK financial stability”. The Bank announced it was stepping in to buy Government bonds – known as gilts – at an “urgent…

Evening Standard

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What is the Bank of England doing in bid to stabilise UK economy?

Threadneedle Street will buy UK government bonds as pound tumbles in response to Truss and Kwarteng’s mini-budget

The Guardian - UK

Your mortgage questions answered - what to do next if you're on a fixed or variable deal

The mortgage market have been spooked by the Mini-Budget, with lenders pulling deals over fears that interest rates could hit 6% next year - here's what you need to know

Daily Mirror

Bank of England takes emergency action to prevent 'material risk' to economy

The Bank announced it was stepping in to buy Government bonds - known as gilts - at an "urgent pace" after fears over the Government's economic policies sent the pound tumbling and sparked a sell-off in the gilts market.

Daily Record

Bank of England begins emergency bond-buying as UK borrowing costs soar

Chancellor moves to reassure markets after his 'mini-budget' on Friday sent Sterling to an all-time low against the Dollar

Insider UK

Nicola Sturgeon speaks out as Tories land UK 'in grip of economic crisis'

THE First Minister of Scotland has demanded action from the Tory government, warning that the UK is in the “grip of a rapidly deteriorating…

The National (Scotland)

Mortgage borrowers set to see bills climb higher amid concerns of emergency interest rate hike

A tracker mortgage is already about £210 per month more expensive on average than it was before base rate increases started last December.

Evening Standard

Bank of England forced to intervene to stabilise economy after Kwasi Kwarteng mini-Budget

The Bank of England on Wednesday made an emergency intervention to protect Britain’s “financial stability” after Kwasi Kwarteng’s shock mini-Budget.

Evening Standard

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Wales Online

Bank of England makes emergency step to calm the panic about UK stability on world markets

The bank said: 'Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability'

Evening Standard

Spending cuts made necessary by mini-Budget ‘could spell end of NHS’, top economist warns

Sir Charlie Bean, a former deputy governor of the Bank of England, said deep cuts would be needed to bring spending into line with GDP

The National (Scotland)

Bank of England takes emergency action as UK enters 'financial crisis territory'

THE Bank of England has been forced to intervene in an attempt to avoid a full-blown financial crisis after Liz Truss’s government announced…

Manchester Evening News

Bank of England launches emergency programme to prevent 'material risk' to UK financial stability

The Treasury has said the Government will continue to 'work closely' with the Bank of England after the move was announced

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news in one place.

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The Independent UK

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

UK inflation fell this week as fuel prices dropped

Wales Online

Bank of England launches bond-buying scheme to stave off 'material risk to UK'

The bank is taking action to protect the economy

The Guardian - UK

Bank launches emergency intervention in markets after Kwarteng mini-budget

Bank of England takes urgent steps to buy long-dated UK government bonds

Daily Mirror

Bank of England's emergency move to calm market chaos by buying UK government bonds

The UK's central bank said it is trying to get a grip on the country's worsening financial situation by buying up bonds in an attempt to bring down soaring interest rates

The Independent UK

Bank of England announces emergency action to try to calm markets

Central bank tries to stave off ‘material risk to UK financial stability’

The Independent UK

Pound to dollar: Why is the sterling so weak?

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget

The Guardian - UK

Rebuke from IMF is a global embarrassment for Truss and Kwarteng

Will PM and chancellor ignore advice under mounting pressure, which is also coming from US and Germany?

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