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The Latest Breaking News from Bank of England

Expert rips apart Bank of England economist's 'accept being poorer' claim

THE claim by the Bank of England's top economist that people in the UK need to accept they are poorer is part of a “conspiracy is against working…

The National (Scotland)

Choice of mortgage deals tops 5,000 but some rates have climbed higher

The average standard variable rate is at its highest since February 2008, Moneyfacts said.

The Independent 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)

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Brits must accept they're poorer and stop demanding pay rises says Bank of England chief

Chief economist Huw Pill said there was a game of 'pass the parcel' taking place over the economic pain - and said workers asking for higher pay and firms putting up prices were fuelling inflation

Daily Mirror

Households should ‘accept’ being poorer, Bank of England’s top economist says

Huw Pill said workers asking for higher pay and shopkeepers putting up prices is ‘self-defeating’ as it fuels inflation

The Independent UK

Britons ‘need to accept’ they’re poorer, says Bank of England economist

Chief economist Huw Pill says workers and firms should stop trying to pass on rising costs by hiking prices or demanding better wages

The Guardian - UK

Bank of England deputy governor: Pandemic support isn’t to blame for inflation

Broadbent pointed to supply chain disruption and the War in Ukraine as the factors that best explain the cost-of-living crisis

Evening Standard

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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

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

Daily Mirror

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

The Guardian - UK

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

Daily Mirror

Inflation surprise makes Bank of England rate rise almost a certainty

Annual rate still above 10% as grocery prices soar, leaving MPC on course for another increase

The Guardian - UK

Inflation slows slightly, but food prices rise at fastest rate for 45 years

The continued high level of inflation is likely to keep pressure on the Bank of England regarding interest rates

Insider UK

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Daily Record

How inflation drop to 10.1% will impact your household budget, savings and mortgages over next few weeks

Inflation remains higher than experts predicted as food and drink prices continue to soar.

Asharq Al-Awsat

UK Inflation, Highest in Western Europe, Falls Only a Little in March

Britain now has Western Europe's highest rate of consumer price inflation after it fell by less than expected in March to 10.1% in March from February's 10.4%, official data showed on Wednesday. Economists polled by Reuters had forecast that the annual CPI rate would drop to 9.8% in March, moving…

Evening Standard

Wages failing to keep pace with price rises for 15th month in a row

While wages have been rising over recent months, they have failed to keep pace with prices

Insider UK

Global economy not on the cusp of another 2008 - Bank of England governor

The UK’s economy showed no growth in February, narrowly avoiding a recession despite decades-high inflation

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The Guardian - UK

Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened

Latest GDP report shows that civil service and teachers’ strikes held back service sector growth, leading to no growth in February

The Independent UK

Economist who lambasted Brexit and Liz Truss joins Bank of England

New member of Bank’s Monetary Policy Committee believes ‘Brexit is bad for the UK’

Ideal Home

Is a UK house price crash coming? Here's what the experts are predicting

Property prices have started to fall, so is a UK house price crash coming?

The Guardian - UK

City of London police open inquiry into alleged sexual misconduct at CBI

Investigation begins after the Guardian reports on complaints against senior figures at business organisation

The Guardian - UK

Megan Greene to join BoE’s monetary policy committee

Global chief economist at Kroll will join the MPC as an external member on a three-year term from 5 July

The Guardian - UK

UK spent almost £500,000 on unused support scheme for energy firms

Exclusive: EMFS, devised by Treasury and Bank of England as backstop fund, was quietly closed this year

Evening Standard

London property market stagnant amid warnings of UK-wide house price falls

The typical London house price in March was £537,250, which is very slightly up (0.1 per cent) on this time last year

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