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The Latest Breaking News from Bank of England

Inflation drops to Bank of England’s 2% target for first time in almost three years

Inflation dropped to 2% in May, down from 2.3% in April, according to the Office for National Statistics

The Independent UK

Tory government ‘worst in postwar era’, claims expert study – as it happened

Sir Anthony Seldon leads analysis that concludes that equality, growth and the UK’s standing in the world have all declined since 2010

The Guardian - AU

Inflation set to hit Bank of England's 2% target, but MPC not expected to cut interest rates

Inflation is set to hit the Bank of England’s target figure for the first time since July 2021

Evening Standard

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Economy fails to grow in sodden April in new blow to Rishi Sunak

The latest ONS growth figures come ahead of the Bank of England’s decision on interest rates next week

Evening Standard

Back to flat: GDP growth set to hit zero as the economy struggles to expand

Official numbers for April predicted to make grim reading in Downing Street and add to calls for the Bank of England to cut interest rates

Evening Standard

Value of outstanding mortgage balances with arrears at highest level since 2014

The value of outstanding mortgage balances with arrears increased by 4.2% from the previous quarter to £21.3 billion.

The Independent UK

Pressure is on for Bank of England interest rate cut as other central banks act

When will the Bank of England follow?

Evening Standard

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Collectors descend on Bank of England to get hands on first King Charles bank notes

One man waited overnight outside the Bank of England so he could be first in the door

Evening Standard

Eurozone business activity grows at fastest rate in a year; UK service sector loses momentum as price pressures cool – as it happened

Private sector growth picks up in Germany and Spain while France was the outlier in May

The Guardian - UK

King Charles banknotes enter circulation today: Where can you get them in London?

The sovereign is being changed on the Bank of England’s notes for the first time

Evening Standard

Conservative party manifesto: What will be Rishi Sunak’s key policies for the general election?

A guide to all the manifesto promises we could expect to see from the Conservatives before July 4

The Independent UK

Bank of England Under Fire From Leader of the Campaign for Fair Finance

Is the Bank of England up to the job of managing the UK's monetary policy? The leader of The Campaign for Fair Finance Dr Roger Gewolb offered me his views of the UK's central bank.

International Business Times UK

Mortgage approvals dip despite increase in lending

Bank of England data released on Friday has revealed that there were 61,100 mortgage approvals for house purchases in April.

The Independent UK

Does the state of the UK economy inspire confidence? An expert crunches the numbers

The most recent UK inflation figures, released towards the end of May 2024, saw a drop in the official rate of price rises to 2.3%, not that far off the Bank of England’s target level of 2%. Jeremy Hunt, the chancellor of the exchequer, said the figures were encouraging.

The Conversation

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The Independent UK

Business bosses desert Tories and defect to Labour

As Rishi Sunak faces an exodus of 76 Conservative MPs at the election, Labour welcomed the support of 121 business leaders

The Guardian - UK

European Central Bank ready to cut interest rates; UK retail sales jump as inflation slows – business live

ECB policymakers indicates June rate cut is a done deal, while IT glitch which prevented some NatWest customers accessing accounts has been fixed

Evening Standard

'Mind-boggling': Mortgage brokers shocked as Barclays ups interest rates but TSB cuts

It comes soon after higher-than-expected inflation appeared to rule out a June interest rate cut from the Bank of England

What Hi-Fi?

What is tandem OLED screen tech? How does it work?

The new iPad Pro has a tandem OLED screen – but what exactly is it?

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Evening Standard

Influential survey offers hope Bank of England may cut interest rates in August

High services inflation has prevented the Bank of England from cutting rates so far, but it may finally be coming down

The Independent UK

General Election 2024: What are the key Labour and Conservative manifesto policies?

Rishi Sunak has called a snap general election for July

The Independent UK

UK inflation falls to 2.3%, lowest level in nearly 3 years but still above Bank of England's target

Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills

The Guardian - UK

Big drop in UK inflation rate disguises more disappointing details

Service sector inflation, monitored closely by Bank of England, barely budged in April

The National (Scotland)

Rishi Sunak told 'cost of living crisis not over' as inflation eases

THE Prime Minister has been warned the cost of living crisis is not yet over as he welcomed the latest inflation figures.

International Business Times

UK Inflation Slows To Near Three-year Low

Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch before this year's general election.

Evening Standard

Blow to interest rate cut hopes as inflation remains above Bank of England target

The sharp fall in the Consumer Prices Index was driven by the lower energy price cap an lower food bills

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