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The Latest Breaking News from The Bank of England

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

‘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

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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

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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

How war in the Middle East could affect UK interest rates

IN FULL

The Independent 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 - UK

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

The Guardian - AU

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.

International Business Times 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

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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.

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The Independent UK

UK homebuyers dealt blow over mortgage approvals

IN FULL

The Guardian - UK

Boring or bust: Reeves aims to project calm competence in spring forecast

After 18 months of policy U-turns and political turmoil we are told not to expect any last-minute policy rabbits

Evening Standard

Barclays executive Braddick to lead UK banking regulator

Katharine Braddick is to replace Sam Woods as the next chief executive of the Prudential Regulation Authority.

The Independent UK

Who is Katharine Braddick? The Barclays executive set to lead UK banking regulator

The former director of financial services at the Treasury will replace Sam Woods

The Guardian - UK

Young bearing the brunt of UK tax and wage changes, says BoE economist

Huw Pill warns combined effect of national insurance and minimum wage rises have ‘acute’ effect on youth employment

Evening Standard

March interest rate cut is ‘genuinely open question’, says Andrew Bailey

The governor of the Bank of England said on Tuesday he will need to be confident he has seen ‘enough further evidence’ before backing another cut.

The Guardian - UK

Brighter UK economy gives Reeves a springboard for March statement

Record public finances accompany stronger retail sales and business activity but some analysts express caution

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