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The Latest Breaking News from The Bank of England

The Bank of England was right, inflation has made us poorer. But whose fault is it?

Central banks are keen to blame the surge in inflation on anyone but central banks

The Guardian - UK

'We are not ALL worse off, as fat cat bank chief Huw Pill (on £190k) reckons'

Bankers seem to be doing OK. The guy who runs British Gas got a £3.7million bonus last month. On top of his £790k salary

Daily Mirror

DWP advice on important changes to payments, tax credits and inflation in May

These are some of the dates to look out for in May

Belfast Live

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

All the money changes coming in May including DWP benefit payments and cost announcements

See if any of these changes, such as Ofgem's price cap announcement and benefit payment dates, will affect your personal finances

Chronicle Live

‘I was really shocked’: would-be UK homebuyers describe their mortgage battles

Even high earners being hit by harsh bank affordability tests in wake of crisis caused by mini-budget

The Guardian - UK

10 money changes coming in May - including £200 energy help and Tesco delivery shake-up

Mirror money editor Levi Winchester runs through all the big financial changes and announcements coming up in May and how they affect your wallet - from benefits to your Tesco shop

Daily Mirror

Huw Pill’s claim that we are all worse off is false. The rich have got richer

Letters: Public sector workers and food bank users don’t need the Bank’s chief economist to tell them who is worse off and who not, says Janet Dubé. Plus letters from David Redshaw, Mike Alcock, Austen Lynch and Andy Stelman

The Guardian - UK

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All the DWP benefit payments, money changes and announcements that will affect your wallet in May

Many will receive their first Cost of Living payment in May as well as see an increase to their benefit payments

Manchester Evening News

Is it time for Britons to accept they are poorer?

The Bank of England’s chief economist has come under fire for urging British people to accept they are poorer.

The Week

The Guardian view on Britons getting poorer: don’t accept it

Editorial: ‘We’re all worse off,’ says the Bank of England. Pull the other one

The Guardian - UK

Households 'need to accept' they're poorer, says Bank of England economist

HOUSEHOLDS and businesses across the UK “need to accept” they are poorer and stop looking for pay increases and pushing prices higher, a chief…

The National (Scotland)

Allowing Silicon Valley Bank UK to fail would have caused domino effect, FCA suggests

Regulator’s chief executive, Nikhil Rathi, outlines to MPs what led to HSBC’s takeover of the bank for just £1

The Guardian - UK

Do your homework if you want to grab rising savings rates

Inflation has brought some good news – for savers. But the best deals may not be around for long

The Guardian - UK

UK inflation will fall rapidly, says ex-Bank of England economist

‘Pretty much nailed on’ that the rate will halve in next six months, according to Andy Haldane

The Guardian - UK

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The Guardian - UK

Britons splash out on holidays in boost for UK economy

Report shows fastest rebound in private sector output in a year, with interest rate rise likely next month

Daily Mirror

Banks could be FORCED to up interest rates for savers under new rules

Banks have been slammed over the last year for their slow response in increasing their interest rates for savers alongside the Bank of England rises

The Guardian - UK

How can the UK tackle double-digit inflation?

The Bank of England has so far failed to return the annual rate to its 2% target – so what are the options?

The Guardian - UK

Bank of England predicted to raise interest rates one more time in May

Increase to 4.5% will be last rise in current cycle, former rate-setter Michael Saunders predicts

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Daily Mirror

Cost of living 'nightmare' to get even worse for families - 9 vital questions answered

The Office for National Statistics said we last month paid 19% more on a weekly shop, the highest since 1977. Some items have gone up seven times faster than average wages

The Guardian - UK

This isn’t wage-price inflation, it’s greedflation – and big companies are to blame

British ministers seem keen to avoid what the data tells us, says the Guardian’s economics editor, Larry Elliott

The Guardian - AU

RBA to have separate rate-setting panel but inflation target expected to remain

First full review for decades recommends raft of changes including splitting the board into two to enable more focus on how interest rates are decided

The Money Edit

Inflation drops to 10.1%: what it means for your money

Rocketing food prices mean inflation remains above 10%. We explain why inflation is still so high, and the impact it is having on your finances

Evening Standard

Inflation: Milk prices up 38% and sugar 42% amid fear of new interest rate rise

We’re still on track, says Hunt despite surge in food prices

Wales Online

What today's dip in inflation means for your money and when prices will fall

Prices are still rising, but slightly less slowly

Evening Standard

City predicts 5% interest rates by August after double-digit inflation shock

Today’s disappointingly small drop inflation sent economists scrambling to revise their forecasts

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