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The Latest Breaking News from The Bank of England

Rats or pigeons should replace Churchill on banknotes, says RSPCA

The charity wants ‘overlooked’ urban animals to appear on new notes, after the Bank of England confirmed British wildlife would feature

Evening Standard

What’s worth more: Churchill or a woke badger? Welcome to Britain’s banknote culture war

Self-appointed patriots are up in arms about a plan to replace historical figures with cute wildlife. The Bank of England shouldn’t duck this debate, says author Jonn Elledge

The Guardian - UK

FTSE 100 Live 16 March: Bills warning as oil price stays above $100, index firm

Oil prices have continued to rise in a move that adds more strain on the cost of living outlook.

Evening Standard

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UK interest rate cut hopes dashed as Iran war sends energy prices soaring

The Bank of England is not expected to cut interest rates amid the escalating conflict in the Middle East

The Independent UK

UK interest rate cut off the table amid Middle East conflict, economists say

It is expected the Bank of England will keep borrowing costs unchanged at 3.75% in March.

Evening Standard

Badenoch believes scrapping Winston Churchill from banknotes is ‘erasing our history’

The Bank of England said the changes create an opportunity to celebrate our nature and wildlife

The Independent UK

Axing Winston Churchill from banknotes is ‘erasing our history’ – Kemi Badenoch

The Bank of England said the change to wildlife imagery creates an opportunity to celebrate another important aspect of the nation.

Evening Standard

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‘Putting biodiversity in our hands’: British wildlife will soon be celebrated on banknotes

More than 26,000 people voted to put nature on sterling notes.

Euronews

Oil wars: West releases record 400 million barrels as Iran hits cargo ships in Strait of Hormuz

Meanwhile Tehran threatens to target banks and financial centres in Middle East as Chancellor Rachel Reeves issues warning on inflation and interest rates

Evening Standard

Aviva’s Direct Line Group fined £10.6m for balance sheet reporting errors

The Prudential Regulation Authority said the firm’s main underwriter, UK Insurance Limited, miscalculated its balance sheet during 2023 and 2024.

Evening Standard

Churchill and Austen to be replaced on banknotes by wildlife in move to tackle counterfeits

The Bank of England says switching to wildlife offers a fresh opportunity to celebrate another vital aspect of the country

The Independent UK

UK wildlife to replace historical figures on next series of banknotes

The Bank of England said the change creates an opportunity to celebrate another important aspect of the nation.

Evening Standard

What if the AI bubble pops?

AI hype fades, but outcome-driven enterprise applications deliver lasting, measurable business value.

TechRadar

3 European Stocks for Riding Out Market Volatility

European stocks look vulnerable with the Stoxx 50 index down 7% this week, but there are some bargains to be had - and these 3 companies stand out the most.

MarketBeat

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The Independent UK

How war in the Middle East could affect UK interest rates

IN FULL

The Guardian - UK

UK interest rate cuts unlikely this year amid Iran war – and a rise could be ahead

Markets predict Bank of England will hold rates in 2026 as bond yields soar on forecasts of prolonged conflict

The Guardian - AU

Why has the Iran war sparked fears of stagflation for the global economy?

Conflict in the Middle East risks knocking growth worldwide and boosting prices, economists warn, amid global market turbulence

International Business Times UK

UK House Prices Edge Higher, but Middle East Conflict Casts Shadow Over Mortgage Rates

Explore the resilience of the UK housing market in February 2026 as house prices hit £301,151. Discover how geopolitical tensions in the Middle East are affecting mortgage rates and what this means for buyers and sellers.

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The Independent UK

Iran conflict threatens new UK cost of living crisis as energy markets in ‘turmoil’ and mortgage rates on the rise

Oil prices have seen their biggest weekly increase in six years, while experts warn energy bills could rise by 10 per cent in July

The Independent UK

Mortgage rates increased as Iran war hits borrowers

Nationwide and HSBC have both announced changes

The Independent UK

Will interest rates rise after surge in oil prices over Iran-US war?

Inflation concerns could see the BoE pause their recent rate cuts - or head the other direction

International Business Times UK

UK Economy Faces Budget Cycle Strain as Iran Conflict Volatility Hits Markets

Explore how global tensions and rising oil prices are impacting the UK's economic recovery, with insights into the upcoming Budget cycle and inflation risks.

Evening Standard

UK interest rates could go back above 4% if energy shock persists, Niesr warns

The National Institute of Economic and Social Research said the Bank of England will have to contend with a ‘shock’ to energy costs.

Evening Standard

Live: Chancellor Rachel Reeves promises growth in spring statement

The Chancellor’s speech comes just weeks after the Bank of England downgraded its growth rating for the UK economy.

The Independent UK

UK homebuyers dealt blow over mortgage approvals

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