The Latest Breaking News from Interest Rates

As recession fears grow, strong US hiring is likely slowing

The American job market has defied raging inflation, rising interest rates, growing recession fears

The Independent UK · Aug 5, 2022

Cost of living squeeze deepens as recession looms; Felixstowe port strike dates set – as it happened

Strike action will begin on 21st August after talks failed to produce a reasonable pay offer, says Unite union

The Guardian - UK · Aug 5, 2022

Is the Sri Lankan Debt Crisis a Harbinger?

Why U.S.-Chinese Tensions Put Developing Countries at Risk

Foreign Affairs · Aug 5, 2022

Boris Johnson and Chancellor Nadhim Zahawi on holiday despite financial gloom

Both men were away from Westminster as the Bank of England raised interest rates again and warned of the longest recession since the financial crisis.

The Independent UK · Aug 4, 2022

The Leader podcast: Interest rates rise as UK faces another recession

The UK is once again facing a recession, as the Bank of England announced its predictions for the economy, alongside a 0.5% rise in interest rates.

Evening Standard · Aug 4, 2022

Interest hits 1.75% in biggest rise in 27 years - here's what it means for you

The Bank of England has confirmed that interest rates will shoot from 1.25% to 1.75% - the biggest percentage point rise in some 27 years.

Chronicle Live · Aug 4, 2022

All you need to know about rising interest rates including savings and mortgages

The Bank of England has increased its base rate from 1.25% to 1.75% - a rise of 0.5 percentage points. It argues that raising rates now will bring inflation under control sooner

Daily Mirror · Aug 4, 2022

Boris Johnson and Keir Starmer both on holiday as economy crumbles

BORIS Johnson has come under fire for being on holiday while the UK is forecast to go into recession amid rising interest rates and inflation.

The National (Scotland) · Aug 4, 2022

"Tory created cost of living crisis.” says MSP Natalie Don

MSP Natalie Don says that the UK Government have lost control of the economy

Daily Record · Aug 4, 2022

Mortgage lenders urged to scrap exit fees as interest rates rise again

As many as 4million families in Britain are thought to be on fixed rate deals

Wales Online · Aug 4, 2022