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The Latest Breaking News from Bank of England

All the money changes coming in May including DWP benefit payments and cost announcements

See if any of these changes, such as Ofgem's price cap announcement and benefit payment dates, will affect your personal finances

Chronicle Live

Huw Pill’s claim that we are all worse off is false. The rich have got richer

Letters: Public sector workers and food bank users don’t need the Bank’s chief economist to tell them who is worse off and who not, says Janet Dubé. Plus letters from David Redshaw, Mike Alcock, Austen Lynch and Andy Stelman

The Guardian - UK

All the DWP benefit payments, money changes and announcements that will affect your wallet in May

Many will receive their first Cost of Living payment in May as well as see an increase to their benefit payments

Manchester Evening News

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

Bank of England to announce May changes to interest rates

A change in interest rates will have a direct effect on mortgages and loans

Manchester Evening News

Is it time for Britons to accept they are poorer?

The Bank of England’s chief economist has come under fire for urging British people to accept they are poorer.

The Week

‘People can’t just get used to it’: Wolverhampton reacts to Bank of England comments

Local authority with highest fuel poverty rate in England is angry at economist’s comment Britons ‘need to accept’ being worse off

The Guardian - UK

'Keep Calm and Carry On' has turned into accept 'we're all worse off' for Brits—and they're furious

The nation known for its stiff upper lip is refusing to accept it's getting poorer, the chief economist at its central bank said.

Fortune

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The Bank of England is wrong again: workers aren’t to blame for inflation

Why should we ‘accept we’re worse off’, when corporate greed and global shortages are really to blame, asks James Meadway of the Progressive Economy Forum

The Guardian - UK

Carol Vorderman's scathing 'gaslighting us all' response to top banker's claim we all have to accept we're poorer

The 62-year-old presenter, who is currently appearing on I'm A Celebrity... South Africa, criticised Bank of England chief economist Huw Pill

Wales Online

Expert rips apart Bank of England economist's 'accept being poorer' claim

THE claim by the Bank of England's top economist that people in the UK need to accept they are poorer is part of a “conspiracy is against working…

The National (Scotland)

Choice of mortgage deals tops 5,000 but some rates have climbed higher

The average standard variable rate is at its highest since February 2008, Moneyfacts said.

The Independent UK

Households 'need to accept' they're poorer, says Bank of England economist

HOUSEHOLDS and businesses across the UK “need to accept” they are poorer and stop looking for pay increases and pushing prices higher, a chief…

The National (Scotland)

Brits must accept they're poorer and stop demanding pay rises says Bank of England chief

Chief economist Huw Pill said there was a game of 'pass the parcel' taking place over the economic pain - and said workers asking for higher pay and firms putting up prices were fuelling inflation

Daily Mirror

Households should ‘accept’ being poorer, Bank of England’s top economist says

Huw Pill said workers asking for higher pay and shopkeepers putting up prices is ‘self-defeating’ as it fuels inflation

The Independent UK

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The Guardian - UK

Britons ‘need to accept’ they’re poorer, says Bank of England economist

Chief economist Huw Pill says workers and firms should stop trying to pass on rising costs by hiking prices or demanding better wages

Evening Standard

Bank of England deputy governor: Pandemic support isn’t to blame for inflation

Broadbent pointed to supply chain disruption and the War in Ukraine as the factors that best explain the cost-of-living crisis

The Guardian - UK

UK inflation will fall rapidly, says ex-Bank of England economist

‘Pretty much nailed on’ that the rate will halve in next six months, according to Andy Haldane

Daily Mirror

Banks could be FORCED to up interest rates for savers under new rules

Banks have been slammed over the last year for their slow response in increasing their interest rates for savers alongside the Bank of England rises

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The Guardian - UK

How can the UK tackle double-digit inflation?

The Bank of England has so far failed to return the annual rate to its 2% target – so what are the options?

The Guardian - UK

Bank of England predicted to raise interest rates one more time in May

Increase to 4.5% will be last rise in current cycle, former rate-setter Michael Saunders predicts

Daily Mirror

Cost of living 'nightmare' to get even worse for families - 9 vital questions answered

The Office for National Statistics said we last month paid 19% more on a weekly shop, the highest since 1977. Some items have gone up seven times faster than average wages

The Guardian - UK

Inflation surprise makes Bank of England rate rise almost a certainty

Annual rate still above 10% as grocery prices soar, leaving MPC on course for another increase

Insider UK

Inflation slows slightly, but food prices rise at fastest rate for 45 years

The continued high level of inflation is likely to keep pressure on the Bank of England regarding interest rates

AFP

UK inflation holds above 10% on rampant food prices

London (AFP) - UK inflation slowed last month but held above 10 percent on soaring food prices, official data showed Wednesday, further fuelling a cost-of-living crisis despite a series of aggressive interest-rate hikes.

Daily Record

How inflation drop to 10.1% will impact your household budget, savings and mortgages over next few weeks

Inflation remains higher than experts predicted as food and drink prices continue to soar.

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