Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from The Bank of England

Interest rate hikes are not the only tool to fight UK inflation – here's what the government should do

Over the past year, interest rates have been rising rapidly around the world. The post-COVID economic recovery and Russia’s invasion of Ukraine caused inflation to reach 10% or more in many countries. Central banks in the US, UK and Europe have fought back by raising interest rates in an attempt…

The Conversation

Squeezed UK households withdraw record amount of savings in May

Bank of England data shows families took out £4.6bn last month to help them cope with the cost of living crisis

The Guardian - UK

Average five-year fixed-rate mortgage rises closer to 6% in further blow to homeowners

The typical five-year fixed-rate deal is now 5.94% - a further blow to homeowners struggling to secure new deals

The Independent UK

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

Average five-year fixed-rate mortgage on the market edges closer to 6%

The typical five-year fixed-rate deal for homeowners is now 5.94%, Moneyfactscompare.co.uk said.

The Independent UK

Inflation crisis: is a recession the only answer?

Tory ministers have a long record of making rather callous statements about the economy, said Paul Waugh in The i Paper.

The Week

Homeowners forced to cut asking prices to sell homes as 5 percent mortgage rates spark 'tipping point'

Millions of people are already bearing the brunt of the Bank of England's latest interest rate hike

Manchester Evening News

Why are UK telecoms firms imposing inflation-busting bills?

Exclusive: Ofcom is facing calls to intervene after companies pushed through prices rises of up to 17% this year

The Guardian - UK

Read news from The Economist, FT, and more,
with one subscription

Is Rishi Sunak delivering on his five pledges?

Early in the new year, seeking to reset and define his premiership, Rishi Sunak laid out five key “pledges” on which he asked voters to judge him come the next election.

The Week

Two and five-year fixed-rate mortgages in UK at highest level for seven months

Data from Moneyfacts shows average cost of two-year deal now at 6.23%, with five-year at 5.86%

The Guardian - UK

Jeremy Hunt pushes for investigation into firms exploiting inflation crisis for profit

Summit follows claims retailers are using spiralling inflation to boost profit margins by failing to pass on lower costs to consumers

The Independent UK

Strong spending at Primark eases fears on economy but adds to inflation worries

Associated British Foods, the chain’s owner, ups profit forecasts

Evening Standard

Martin Lewis says banks are 'profiteering' after being bailed out in 2007

It comes as interest rates hiked to 5 percent last week

Manchester Evening News

Three men ordered to pay £200,000 after £12million in fake cash seized

It was the largest seizure of fake cash ever in the UK

Wales Online

Governments advised to cut public spending or raise taxes to curb inflation

Bank of International Settlements warns that economies, such as in the UK, need policies to cool price growth

The Guardian - UK

Get all your
news in one place.

100's of premium titles.
One news app.

Manchester Evening News

Rishi Sunak warns there's 'no alternative' to tackling inflation as he defends interest rates hike

One opposition leader labelled his comments 'patronising'

Daily Mirror

Backlash as 'out-of-touch' Rishi Sunak tells struggling families UK must 'hold our nerve'

The Prime Minister claimed there was 'no alternative' but to hike interest rates in order to tackle inflation, but he was branded 'out-of-touch' and 'not up to the job' after an awkward TV interview

The Independent UK

Sunak warns ‘no alternative’ to curbing inflation as he defends rates hike

The Prime Minister urged homeowners to ‘hold our nerve’ as mortgage rates soar once again.

The Guardian - UK

‘There’s a lot of anger’: the mortgage trap ensnaring the Tories in their heartlands

In Selby, site of a key byelection, hardship may be opening the door to Labour even in comfortable Conservative North Yorkshire

Get all your
news in one place.

100's of premium titles.
One news app.

Daily Mirror

Pay rises for fat cat bosses blamed for inflation amid 'scapegoating' of workers fury

The salaries of the top 10% has outstripped the rest of the workforce - but the Bank of England has sparked anger by appearing to blame wage demands from low and mid earners and the Government may overrule public service pay bodies

Daily Mirror

Mortgage experts explain everything you NEED to know about the mortgage crisis

Consumer rights expert Martyn James is joined by TV mortgage and property experts Jane King and Jonathan Rolande to answer all the questions you may have about the current "mortgage crisis"

The Guardian - UK

‘The mortgage crisis has changed our lives’: borrowers in England reel from latest rise in rates

Anguished families talk about how the Bank of England’s 13th consecutive interest hike is affecting them – and their fears for the future

Nottingham Post

Concern 'it will get worse' for Nottinghamshire homeowners caught in mortgage rate 'struggle'

The Bank of England on Thursday, June 22 hiked interest rates to 5 per cent, further straining the finances of millions of homeowners across the country

The Guardian - UK

From Brexit to Beyoncé: why UK inflation is still so painfully high

The cost of living is falling in Europe and the US but is still rising in Britain. We look at the major culprits

Daily Record

Martin Lewis calls it ‘absolutely outrageous’ that savings rates lag behind those now charged to borrowers

The Bank of England unexpectedly pushed up interest rates to 5% last week.

The Guardian - UK

UK mortgage rate crisis driving record rent squeeze as landlords pass higher costs on to tenants

Homelessness charity says hundreds of thousands of people could be left unable to cover their rent and at risk of losing homesBusiness live – latest updates

1 … 55 56 57 58

People

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

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.