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The Latest Breaking News from Bank of England

BOE and Intel's AI display tech reportedly reduces screen power consumption by up to 65% in Lunar Lake laptops by dropping the refresh rate on parts of the panel

Anything that prevents my laptop battery from dying in another airport lounge is alright by me.

PC Gamer

BOE and Intel's Winning Display reduces power consumption by 65% using AI-driven 1 to 120 Hz dynamic refresh

During the recent BOE Global Innovation Partner Conference 2024 (BOE IPC 2024) the firm claimed that its new Winning Display 1 Hz tech could reduce screen power consumption by 65%. The new tech, with Intel Intelligent Display Technology 2.0 (IIDT 2.0), utilizes AI smarts and will debut on Lunar Lake…

Tom’s Hardware

Bank of England waters down plans to impose tougher capital rules on UK banks

Chancellor says revision of how much lenders must set aside to cope with future crises will bolster growth

The Guardian - UK

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House prices rising for first time in two years, survey suggests

After the Bank of England cut the base rate in August, professionals are finally seeing growth in house prices

The Independent UK

More time for next interest rate cut after jobs and wages numbers cool

City expects action in Threadneedle Street in November

Evening Standard

OnePlus 13 looks to continue using more eye-friendly BOE OLED panels

OnePlus President Li Jie confirmed that the company will continue to work with BOE and its displays for a new device.

Android Central

I believed Starmer and Reeves were too smart to repeat austerity. It appears I was wrong

New governments usually come into power offering hope and a break with the past. This one is squandering the opportunity for a fresh start, says David Blanchflower

The Guardian - UK

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Mortgage approvals for house purchase jump to highest levels since mini-budget

The Bank of England recorded 62,000 approvals in July – the highest total since September 2022.

The Independent UK

Labour minister says compressed hours could raise productivity; European stocks hit record high – as it happened

Live coverage of business, economics and financial markets as Jacqui Smith says four-day compressed hours could help people work

The Guardian - UK

Poor Credit Scores Could Cost Brits An Extra £270,000 In Interest Payments Over A Lifetime

The average UK credit card APR has increased significantly since early 2023 as part of the BoE's broader interest-hike campaign to curb inflation. This has weighed on household budgets as more outstanding debt balances slip into delinquencies.

International Business Times UK

Race for UK banks to repay £100bn in Covid loans could help savers

Lenders may look to attract more deposits from savers to raise funds to repay Bank of England pandemic-era loans

The Guardian - UK

Critic of Osborne’s austerity policy joins Bank of England rate committee

Alan Taylor takes three-year term on Bank’s monetary policy committee and replaces Jonathan Haskel

The Guardian - UK

Rate of inflation rises to 2.2% in July in first increase this year

Government statisticians say the rise was mainly caused by gas and electricity prices

Evening Standard

Interest rate cuts expected after US and UK inflation reports – as it happened

UK inflation has risen to 2.2%, less than feared, while US inflation dipped to 2.9% last month

The Guardian - UK

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The Independent UK

UK inflation - live: Rise to 2.2% for the first time this year deals blow to interest rate cut next month

Inflation back above Bank of England’s target of 2 per cent – rising for the first time this year

The Independent UK

Inflation expected to rise for first time this year in blow for Bank of England

City analysts think that figures released by the Office for National Statistics (ONS) on Wednesday will show that inflation has risen to 2.3 per cent

The Guardian - UK

Auction of first King Charles banknotes raises nearly £1m for charity

Collectors snap up £5, £10, £20 and £50 notes bearing king’s head for 11 times monetary value, with one £10 note fetching £17,000

The Independent UK

Rare King Charles banknotes sell for 11 times face value at charity auction

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The Guardian - UK

Jobs market uncertainty causes headache for Bank of England rate setters

While the overall economic picture looks relatively benign, deep structural problems remain

The Independent UK

Banknotes among first to feature King auctioned for more than £900,000

The Bank of England said the proceeds of the sale would go to charity.

The Guardian - UK

Battle against UK inflation is far from over, says Bank of England policymaker

Catherine Mann says Britain should not be ‘seduced’ by price rises easing to the BoE’s target

The Guardian - UK

Oil price rises for fifth day running amid Middle East tensions; Russian rouble hits three-month low – as it happened

Brent crude hits $80 as tensions betwen Israel and Iran rise, while rouble slides after Ukraine’s incursion into Russia

The Guardian - UK

Repossession claims in England and Wales at highest in five years

Both bank and landlord cases rise but remain below pre-Covid levels, despite tough cycle of interest rate rises

Evening Standard

Average London house price up 1.2 per cent annually as sub-4% mortgages return

Halifax said it expects house prices ‘to continue a modest upward trend throughout the remainder of this year’

The Independent UK

Average UK house prices rise more than expected

Annual growth rose to 2.3%, the highest rate since the start of this year

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