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The Latest Breaking News from Bank of England

Who is Bank of England’s Governor, Andrew Bailey?

He announced the UK’s biggest interest rate rise in three decades today to curb soaring inflation

Evening Standard

'The Bank of England's 'incompetent' interest rates hike is dangerous for Britain'

Professor Richard Murphy, political economist and chartered accountant, says increasing interest costs will force hundreds of thousands (if not millions) of UK households into poverty

Daily Mirror

It may sound paradoxical, but Britain needs to spend its way out of recession

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

The Guardian - UK

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

Martin Lewis warns homeowners how much their mortgages could go up after interest rate rise

The consumer champion has given his expert advice to homeowners in the UK

Manchester Evening News

Bank of England puts up interest rates to 3% - see how your mortgage will be affected

Homeowners are set to face higher mortgage bills as the Bank of England imposes biggest interest rate hike since 1989

Chronicle Live

How much your mortgage could go up amid Bank of England interest rate hike

The central bank is aiming to ease inflation with the biggest rise in decades

Liverpool Echo

The Leader podcast: Mortgage and rent woe after Bank interest hike

Impact on homes after steepest rate rise since 1989

Evening Standard

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What is a recession – explanation in full amid Bank of England warning

As the UK faces its longest recession since the 1920s, we explain what that actually means

Manchester Evening News

Biggest interest rate rise in decades as the Bank of England predicts longest-ever recession

Property price chat, Tube delays, torrential rain – this morning doled out a full house of London bingo. And then the Bank of England said ‘hold my £8.50 beer’.

Evening Standard

Today's rate hike just added another £900 a year to a lot of people's mortgages

An average of £284 a month has been added since December 2021

Wales Online

Why does rising interest rates help reduce inflation?

The Bank of England says it’s' better for everyone in the long run' to have low and stable inflation

Manchester Evening News

Bank of England offers glimmer of hope on mortgages with 'lower than expected' forecast

Andrew Bailey today said interest rates "will have to go up by less than is currently priced in by financial markets" meaning "fixed rate mortgages should not need to rise as much as they have done"

Daily Mirror

Bank of England delivers biggest interest rate hike in 33 years

Central bank raises key rate to 3 percent, warns UK economy is in a recession that could last two years.

Al Jazeera

Mortgage calculator - how much the interest rate rise will affect your monthly payments

The Bank of England has raised the base interest rate to 3 percent after the biggest rise in 33 years

Manchester Evening News

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Bangkok Post

BoE: Britain faces two-year recession

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989, but it pushed back against expectations for further steep hikes, saying Britain faces a painful recession that could last two years.

The Guardian - UK

How will the UK interest rate hike affect you?

From loans to mortgages, house prices to credit cards – all you need to know about the biggest rate rise since 1989

Daily Record

Martin Lewis issues new warning to everyone with a mortgage or savings account after interest rates rise

The Bank of England’s base rate has risen from 2.25% to 3%, its highest in 14 years.

The Independent UK

Households ‘face double whammy of soaring interest rates and sky-high inflation’

A ‘toxic mix’ of high prices, falling real incomes, and soaring borrowing costs is battering household finances, experts said.

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news in one place.

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Birmingham Post

With interest rates at 3% and fears of longest recession in 100 years, PM urged to get business basics right

Chamber boss: 'Investment intentions... are lagging significantly due to the low confidence affecting many firms right now'

Manchester Evening News

UK faces longest recession since records began, Bank of England warns

Interest rates have been hiked for the eighth time in a row

The Independent UK

Unions warn of impact on workers of interest rate rise

The TUC has called for a new economic plan.

The Independent UK

£880 annual increase in tracker mortgage costs following latest base rate rise

Since December last year, the average monthly tracker mortgage payment has increased by around £3,410 per year, according to UK Finance figures.

Daily Mirror

UK is heading for longest recession in a century, Bank of England warns

The Bank of England issued a gloomy warning about the future of the British economy as it hiked interest rates to 3%, the biggest single rate rise in three decades

The Guardian - UK

Bank of England signals interest rates probably won’t go much higher

Central bank felt the need to massage down interest rate expectations amid fears over impact on UK economy

The Independent UK

Pound falls after Bank of England hikes interest rates

Sterling drops 1.4% against US dollar after decision-makers warn of longest recession on record

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