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The Latest Breaking News from Bank of England

Bank of England hikes interest rates again to 3.5 percent in new 14 year high

It comes as inflation dipped slightly last month to 10.7 percent

Manchester Evening News

Bank of England raises interest rates to new 14-year high

Warnings that further interest rate rises are likely in the coming months to stabilise the economy

Insider UK

Bank of England raises interest rates to 3.5%

Thousands of London families were dealt a new cost of living blow on Thursday when the Bank of England ordered a 0.5 per cent rise in interest rates to a 14 year high of 3.5 per cent.

Evening Standard

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Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised interest rates to their highest level for 14 years, putting further pressure on mortgage holders.

The National (Scotland)

Mortgage payments up again as interest rates hiked to highest level in 14 years

The Bank of England has raised interest rates to 3.5% from 3%

Wales Online

Bank of England raises interest rates to 3.5% despite inflation easing

Borrowers hit with higher costs as bankers signal UK not out of the woods yet

The Independent UK

Bank of England raises interest rates to 3.5% in ninth increase in a year

Majority of MPC rate-setters back hike of 0.5 percentage points despite fears UK is entering a long recession

The Guardian - UK

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Interest rates hiked to 3.5% in 14-year high - what it means for your money

The base rate - which was already at a 14-year high - has today been increased by 0.5 percentage points, up from 3% and the ninth time in a row the Bank of England has taken action

Daily Mirror

Interest rates – live: Bank of England hikes base rate in fresh blow to mortgage holders

Officials raise base rate for ninth consecutive time

The Independent UK

Bank of England poised to slow pace of interest rate hikes

Britain’s central bank is expected to deliver its ninth straight interest rate hike

The Independent UK

Minister hails ‘green shoots of recovery’ in Britain as she opposes nursing union’s pay demands

A minister claimed on Thursday that the “green shoots of recovery” were emerging in Britain as she argued against big pay rises for nurses and other public sector workers.

Evening Standard

Bank of England’s Bailey sees ‘first glimmer’ of inflation easing, after lifting interest rates to 3.5% – business live

Bank of England says most housing market indicators have continued to soften, as it increases UK interest rates to 14-year high of 3.5% in split decision

The Guardian - UK

FTSE 100 Live: Pound falls after Bank of England hikes interest rates by 0.5%; Gas prices jump sixfold

The impact of higher interest rates and surging living costs is today revealed in retail sales and consumer confidence figures.

Evening Standard

Bank of England poised to raise borrowing costs to combat inflation

Financial markets expect 0.5 percentage point increase as fears mount that UK is about to enter long recession

The Guardian - UK

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The Guardian - UK

Who is the ‘sexy turtle’? Andrew Bailey helps decide your mortgage costs

Some praise UK’s most powerful non-elected official for mini-budget response while some say Bank of England governor is out of touch

Daily Mirror

Martin Lewis explains how much your mortgage could rise by from this week

Around 4 million households are facing payment hikes due to increasing mortgage rates - Martin Lewis took to Good Morning Britain to explain how much it'll set homeowners back

Daily Mirror

'Stoozing' explained - what is it, and how to get free cash from credit cards

The Money Saving Expert shared his tips for the practice of “stoozing” in a newsletter earlier this year and it may be something you may want to take up in the New year

Manchester Evening News

What the inflation rate drop means for cost of living, interest rates and your bills

The inflation rate dropped to 10.7 percent in November

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The Guardian - UK

Inflation is still causing pain and Bank of England risks making situation worse

Anticipated increase in interest rates will turn the screw on mortgage holders and businesses

The Independent UK

What is inflation and what is its current rate in the UK and Europe?

UK inflation hit a 41-year high in October as gas prices soar

Evening Standard

Mortgage rates set to rise further in latest cost-of-living blow

Homeowners whose fixed rate loans expire next year face repayment hikes of £250 a month

Daily Mirror

Millions face £3,000 mortgage hike - as interest rates announcement due tomorrow

The Bank of England (BoE) has increased its base interest rate eight times since December last year and is expected to do so tomorrow, which will push up the price of borrowing even more

Evening Standard

Ministers may struggle to ‘hold line’ against higher pay for public sector workers, says ex-BoE chief

Ministers may struggle to “hold the line” in their refusal to back higher pay deals for hundreds of thousands of public sector workers, a former Bank of England chief said on Wednesday.

The Independent UK

UK inflation eases slightly to 10.7% ahead of Christmas

Jeremy Hunt says rising costs are still ‘number one enemy’

Daily Mirror

Inflation dips slightly to 10.7% but remains near 40-year high - what it means for you

Inflation figures are released each month by the Office for National Statistics (ONS) to show how much the prices of everyday goods and services have increased over the last year

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