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The Latest Breaking News from The Bank of England

Eurozone inflation falls to 6.1%; Brexit a ‘historic economic error’; US private payrolls rise – as it happened

Eurozone inflation eased more than expected last month, as former US Treasury secretary Larry Summers warns Brexit helped to drive up UK inflation

The Guardian - UK

All the money, benefits, and energy bill changes coming in June

A wide range of financial changes will take place this month

Manchester Evening News

‘Reality check’ for the housing market as sales slide by 8% month-on-month

Experts suggest the slowdown is likely to be longer and deeper than originally anticipated

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

The key fact about UK Government ‘spending’ that sets it apart from Holyrood

"Where does all the money come from to pay for the ‘free’ things in Scotland?” To answer that question it is easiest to look at it in two…

The National (Scotland)

OPINION - The Standard View: A mortgage time bomb is poised to detonate over London

A mortgage timebomb is poised to detonate. Since the Bank of England raised interest rates from 0.1 per cent to 4.5 per cent, research by the Resolution Foundation think-tank suggests that just a third of mortgage holders have been impacted. But that will not last.

Evening Standard

Seven important changes to money, benefits and shopping rules coming in June

You need to know if you have a mortgage, shop at Tesco, or bank at Nationwide while there is a key date for everyone who pays energy bills

Wales Online

UK banks shortchanging savers with ‘measly’ rates, says Which?

Some instant access accounts as low as 0.1% despite Bank of England’s 4.5% base interest rate

The Guardian - UK

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UK food inflation dips in May, raising hopes rate of price growth is slowing

British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop price growth hits fresh high

The Guardian - UK

Seven money changes coming in June including new DWP cost of living payment and Tesco Clubcard shake-up

From Tesco Clubcard holders to the £150 disability cost of living payment, there are massive money shake-ups coming in June

Chronicle Live

Seven money changes happening in June - from Clubcard updates to £150 payment

Next month will see a few different changes happening in terms of money, so here's a list of everything you should be aware of.

Daily Record

Seven money changes coming in June and how they'll impact your bank account

The Bank of England will make an interest rate announcement and the latest inflation rate will be released

Manchester Evening News

Seven money changes coming in June - including £150 payment and Tesco Clubcard shake-up

We round up all the money changes and updates coming in June - from a huge shake-up of the Tesco Clubcard scheme, to the £150 disability cost of living payment and more

Daily Mirror

Warning over popular home improvement that can affect your chances to remortgage

A simple home improvement in thousands of homes could cause householders looking to remortgage a headache with money lenders, according to a group of experts

Daily Mirror

Rishi Sunak warned over possible UK recession in 2024

High inflation likely to push interest rates above 5% and force up mortgage and loan payments just ahead of election

The Guardian - UK

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The Guardian - UK

The Guardian view on a death of consensus: politicians are having different nightmares

Editorial: Interventions from the Tory chancellor and his Labour shadow spell the end of a period of economic agreement

The Conversation

UK bonds are in meltdown again – what does that mean for pensions? Expert Q&A

UK government debt prices have taken an unnerving journey south in the past few days. The closely watched ten-year bond has now hit a yield of 4.3%, taking it within a fraction of the level that caused a crisis in autumn 2022.

The Independent UK

How homeowners can escape huge mortgage hikes as lenders raise rates

Britain’s biggest building society Nationwide raised its mortgage rates on Friday

The Independent UK

UK's Treasury chief accepts that recession may be necessary to get inflation down

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation

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news in one place.

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Evening Standard

The sorry state of the Bank of England’s battle with price hikes

City comment: At least the Bank’s old approach was consistent

Evening Standard

OPINION - The Standard View: Jeremy Hunt speaks the uncomfortable truth: inflation is the great enemy

It is not something you hear a Chancellor say every day, not least 12 to 18 months out from a general election. Asked if he was “comfortable with the Bank of England doing whatever it takes to bring down inflation, even if that potentially would precipitate a recession”, Jeremy Hunt…

Daily Mirror

Tory Jeremy Hunt backs interest hikes pain for Brits - even if it risks recession

The Bank of England has hiked interest rates repeatedly to tackle inflation - in a hit to mortgage payers - and experts have warned they could raise them higher than the current 4.5% next month

The Guardian - UK

Hunt will back more interest rate rises even if they push UK to recession

Chancellor will back Bank of England’s decisions because ‘inflation is a source of instability’

The Guardian - UK

Partygate: Nadine Dorries suggests Boris Johnson Chequers records might have wrong names and dates – as it happened

Former culture secretary says prime ministerial diaries ‘are frequently wrong’

The National (Scotland)

Chancellor backs interest rate hikes even if they push UK into recession

Chancellor Jeremy Hunt has backed interest rate hikes being used to calm soaring inflation even if they increase the risk of pushing the UK into…

The Guardian - UK

Jeremy Hunt backs interest rate hikes even if they cause recession; UK retail sales jump – as it happened

Chancellor says “only path to sustainable growth” is to bring down high prices behind cost of living crisis, as mortgage rates climb

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