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The Latest Breaking News from The Bank of England

Pay rises for fat cat bosses blamed for inflation amid 'scapegoating' of workers fury

The salaries of the top 10% has outstripped the rest of the workforce - but the Bank of England has sparked anger by appearing to blame wage demands from low and mid earners and the Government may overrule public service pay bodies

Daily Mirror

Mortgage experts explain everything you NEED to know about the mortgage crisis

Consumer rights expert Martyn James is joined by TV mortgage and property experts Jane King and Jonathan Rolande to answer all the questions you may have about the current "mortgage crisis"

Daily Mirror

‘The mortgage crisis has changed our lives’: borrowers in England reel from latest rise in rates

Anguished families talk about how the Bank of England’s 13th consecutive interest hike is affecting them – and their fears for the future

The Guardian - UK

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Concern 'it will get worse' for Nottinghamshire homeowners caught in mortgage rate 'struggle'

The Bank of England on Thursday, June 22 hiked interest rates to 5 per cent, further straining the finances of millions of homeowners across the country

Nottingham Post

From Brexit to Beyoncé: why UK inflation is still so painfully high

The cost of living is falling in Europe and the US but is still rising in Britain. We look at the major culprits

The Guardian - UK

Martin Lewis calls it ‘absolutely outrageous’ that savings rates lag behind those now charged to borrowers

The Bank of England unexpectedly pushed up interest rates to 5% last week.

Daily Record

UK mortgage rate crisis driving record rent squeeze as landlords pass higher costs on to tenants

Homelessness charity says hundreds of thousands of people could be left unable to cover their rent and at risk of losing homesBusiness live – latest updates

The Guardian - UK

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Jeremy Hunt’s mortgages deal dismissed as ‘sticking plaster’ as Sunak urged to offer subsidies

Government told to offer direct support to homeowners – as chancellor’s agreement with banks dismissed as a ‘water pistol to put out a fire’

The Independent UK

Jeremy Hunt unveils new bank measures for mortgage holders - but no government help

Crunch negotiations were held

Nottingham Post

Rishi Sunak forced to acknowledge control of inflation lies with Bank of England

Chancellor agrees ‘mortgage charter’ to help borrowers but Labour says intervention is ‘weak’

The Guardian - UK

Chancellor Jeremy Hunt agrees new mortgage rules with banks to help struggling households

Homeowners will be able to switch their mortgage to interest-only repayments with 'no questions asked'

Manchester Evening News

Martin Lewis shares vital verdict on Jeremy Hunt's mortgage help announcement

Yesterday the Bank of England upped its base interest rate to 5% and the Money Saving Expert responded by saying that "help was desperately needed"

Daily Mirror

The whole thing is a scam, says variable rate mortgage holder on interest hike

The Bank of England hiked the base interest rate for the 13th time in a row on Thursday in a move set to cause more pain for mortgage holders.

The Independent UK

Jeremy Hunt announces bank measures for mortgage holders - but no Government help

It comes after the Bank of England hiked interest rates to 5% - piling mortgage misery on cash-strapped families

Daily Mirror

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Daily Mirror

Paypal to bring in major change for users as Bank of England hikes interest rate

Paypal credit customers received the email informing them of the hike in interest merely hours are the Bank of England's base rate rise.

The Week

Quiz of The Week: 17 - 23 June

UK borrowers got further bad news this week as the Bank of England hiked interest rates from 4.5% to 5%.

Daily Record

How Bank of England base rate rise to 5% could impact people with all types of mortgage

Chancellor Jeremy Hunt and major banks agreed measures on Friday to help ease the pain of rising rates.

Evening Standard

Inflation won’t disappear on its own. The Bank of England will need to plunge us into recession

City voices: Without economic pain, nothing changes

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Evening Standard

Bank of England and lenders are pulling in the opposite direction

City comment: As long as the Government keeps applying pressure to lower borrowing costs, bank shares are a clear sell

The Guardian - UK

Mortgage crisis: UK lenders agree to 12-month grace period on repossessions

Measure among three agreed at meeting with chancellor to help struggling households after sharp rate hike

Birmingham Post

UK Government needs to take decisive action as mortgage costs soar on rising interest rates

Jeremy Hunt has to get lenders to do all they can to support hard pressed customers

The Independent UK

Stock market today: Asian shares sink as central banks crank interest rates still higher

Asian shares have fallen sharply after several central banks around the world cranked interest rates higher in their fight against inflation

Evening Standard

Banks slammed for dragging their feet in passing on interest rate rises to loyal savers

Britain’s banks were slammed on Friday for failing to quickly hike saving rates after the Bank of England increases interest rates.

Liverpool Echo

HMRC warning as taxpayers could be made to pay more money

HMRC has confirmed its interest rate will rise following the Bank of England announcement on Thursday

The Independent UK

Jeremy Hunt to meet with lenders as mortgage crisis worsens with rates hike

The Chancellor will meet with banks including HSBC and Santander.

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