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The Latest Breaking News from Bank of England

Rishi Sunak faces daunting in-tray as he promises to deliver

The former governor of the Bank of England Lord King has warned that Britons could face years of financial hardship

Evening Standard

We face peril because the UK economy relies on house prices. Here are three ways to fix that

Too much wealth depends on values bloated by an oversized financial sector, says Fran Boait of campaign group Positive Money

The Guardian - UK

Austerity could be more difficult this time round, says Lord King

Former Bank of England governor says politicians must be clear that taxes and mortgage rates will rise

The Guardian - UK

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Former Bank of England chief warns of ‘higher taxes for the average person’

Lord King of Lothbury outlined the challenge for the next prime minister to confront high inflation.

Evening Standard

'More difficult than austerity': Former top banker warns of necessary tax rises

SIGNIFICANTLY higher taxes on the average person would be needed to finance higher public spending in the UK, according to a former Bank of England…

The National (Scotland)

The future offers only variants on austerity? Bunk. There are ways to invest and grow

Despite the UK’s new negative credit outlook, it still has vast resources if it wants to access them

The Guardian - UK

Change of prime minister is likely to delay UK’s fiscal plan

Credibility of economic event could be in doubt if it is launched on Halloween, just a few days into new leader’s tenure

The Guardian - UK

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Boris Johnson return would alarm markets, former Bank of England chief warns

‘Concern’ about fresh instability predicted – as borrowing costs rise after ex-PM installed as race favourite

The Independent UK

Why did Liz Truss resign and who will replace her as UK prime minister? Latest news

Events in the House of Commons on October 19 made it clear that the prime minister had lost control

Irish Mirror

Martin Lewis issues warning to every homeowner who wants to fix into a mortgage now

The MoneySavingExpert founder answered the ‘million dollar question’ on mortgages - revealing whether or not it's worth switching to a fixed rate mortgage in the current economic climate

Daily Mirror

ITV Martin Lewis offers advice on sticking with fixed mortgages or getting a variable one

He was answering questions from viewers

Nottingham Post

Seven weeks of chaos under Liz Truss’s government

Tory leader resigned following 45 chaotic days

The Independent UK

Rishi Sunak to be UK prime minister: What you need to know

Rishi Sunak will become Britain's first prime minister of colour on Tuesday after he won the race to lead the Conservative Party.

Reuters

How hidden financial risks brought down Liz Truss

In jittery global markets, unseen risks can cause economic and political turmoil

Axios

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Daily Record

Liz Truss: What happened on every day of Prime Minister's 44 days in charge

The Prime Minister announced her resignation on Thursday afternoon during a short statement in Downing Street.

The Times of India

UK political crisis: Pound extends gain as focus turns to future UK leadership

LONDON: The pound extended gains after Liz Truss announced she was resigning as UK prime minister, capping weeks of speculation on the future of her premiership since her initial fiscal policy drove markets into turmoil.

The Guardian - UK

From fighter to quitter: timeline of Liz Truss’s U-turn littered premiership

Key moments in the 45 days between Truss becoming prime minister and announcing her departure

The Guardian - UK

Interest rates unlikely to rise above 5%, says Bank of England official

Ben Broadbent says increase already priced into markets would deliver ‘pretty material’ hit to economy

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news in one place.

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ABC News

How Liz Truss's brief and chaotic tenure as Britain's PM unravelled

Whether it was sexism that brought her down, her inexperience and overconfidence, her party's unravelling, or a combination of all three, Liz Truss plunged over the glass cliff with breathtaking speed.

Al Jazeera

UK Prime Minister Liz Truss resigns after six weeks in office

Truss, heavily criticised for her economic agenda, to leave Downing Street just weeks after being appointed.

Evening Standard

Bank of England fines MS Amlin Underwriting almost £10 million for risk management failings

Watchdog says size of fine reflects length of time taken at the firm to address its concerns

France 24

UK inflation back at 40-year high as households struggle

Inflation in the UK has spiked back to its 40-year high of 10.1% as households and businesses continue to struggle with soaring food and energy prices. The data come "despite the Bank of England trying to turn down the heat on this bubbling pot of prices", says Susannah Streeter, Senior…

The Guardian - UK

The Guardian view on big finance: addicted to government handouts

Editorial: Instead of cutting public services, the Treasury should tax the windfall profits of the banking sector

The Guardian - UK

Bank of England officials were excluded from mini-budget discussions

Deputy governor Sir Jon Cunliffe says Bank did not have usual briefing the night before mini-budget

Daily Record

How 10.1% inflation impacts your spending - plus full list of the biggest rises

Prices of food and energy have been blamed for the latest increase, but how does inflation affect your money?

1 … 78 79 80 81

People

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