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The Latest Breaking News from Bank of England

New mortgage borrowers set to pay thousands more for a home loan

Bank of England base rate increases have pushed up mortgage costs for new borrowers and those on variable rates over the past year

The Independent UK

New mortgage borrowers could end up paying thousands more for a home loan

Bank of England base rate increases have pushed up mortgage costs for new borrowers and those on variable rates over the past year.

The Independent UK

Experts predict housing market will cool in 2023 as UK enters a recession

The slowdown is expected to intensify with price declines between 5% and 12%

The Guardian - UK

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The Edinburgh businesses we lost in 2022 as cost of living causes wave of closures

Since the beginning of 2022, a wave of Edinburgh businesses have been forced to close their doors, with many others speaking out on the severe struggles they continue to face.

Edinburgh Live

King Charles banknotes: when will the new notes enter circulation?

King Charles and Queen Elizabeth II are the only two monarchs who have appeared on UK banknotes

Evening Standard

UK property sales figures remain slightly higher than pre-pandemic levels

Across the UK, an estimated 107,190 house sales took place in November.

Evening Standard

House sales remain slightly higher than pre-pandemic levels

Across the UK, an estimated 107,190 house sales took place in November.

The Independent UK

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London tops Rightmove searches as pandemic interest in Cornwall fades

The Guardian - UK

King Charles III banknotes revealed by Bank of England - and when you can get one

The King’s image will appear on the front of all four polymer banknotes, however notes carrying a portrait of Queen Elizabeth II still remain legal tender

Chronicle Live

King Charles shown on Royal Mint bank notes for the first time but will not appear until 2024

The new notes will replace those featuring Queen Elizabeth II

Evening Standard

Bank of England shares first look at new King Charles III bank notes

The new bank notes have been unveiled but when and where should you change old bank notes

Liverpool Echo

King Charles III bank notes unveiled by Bank of England

King Charles III is only the second monarch to appear on British banknotes

The Independent UK

King Charles III banknotes design unveiled by Bank of England

The new notes are expected to enter circulation by mid-2024

Wales Online

First pictures of King Charles III banknotes - and when they will be released

New-look banknotes showing the portrait of King Charles III have been shared by the Bank of England for the first time - but the eco-conscious monarch wants them to enter circulation slowly

Daily Mirror

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The Guardian - UK

King Charles III bank note designs revealed by Bank of England

Monarch’s portrait on £5, £10, £20 and £50 likely to enter circulation in 2024

Evening Standard

City bankers could receive unlimited bonuses as Bank of England pay consultation begins

City bankers may soon be able to receive unlimited bonuses after the Bank of England today announced plans for a consultation on scrapping the so-called ‘bonus cap’.

The Guardian - UK

Call for wealth tax as UK billionaire numbers up by 20% since pandemic

‘Sudden explosion of billionaire wealth’ at the expense of the rest of society is ‘grossly unjust’, says new report

The Guardian - UK

It’s not pay claims that are driving up prices in Britain. It’s profits

Whatever the chancellor and the Bank may suggest, wage settlements are still running behind the rate of inflation

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news in one place.

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Evening Standard

Fresh hope to save Simpson’s Tavern chophouse after it’s designated ‘asset of community value’

The restaurant near the Bank of England was founded in 1757

Wales Online

Why interest rates have gone up - and what impact it will have on households

Interest rates are at their highest point in 14 years after the ninth increase in a row by the Bank of England

Daily Mirror

Seven reasons why higher mortgage rates affect EVERYONE - including renters to savers

As mortgage costs continue to rise, we explain why rising interest rates affects almost every person - not just homeowners - after another week for the UK economy

The Guardian - UK

Bank of England interest rate rise – what it means for borrowers and savers

Rate rise to 3.5% affects everything from mortgages to credit cards, loans and savings. Here is all you need to know

Manchester Evening News

Martin Lewis' word of warning to UK homeowners minutes after Bank of England announcement

The consumer champion took to Twitter immediately after the news broke

The Independent UK

First-time buyers ‘may need to lower ambitions’ as rates hiked further

The latest Bank of England base rate rise will add around £49 per month to the average tracker mortgage.

AFP

Bank of England lifts interest rate to 14-year high

London (AFP) - The Bank of England on Thursday hiked its interest rate by half a point to 3.5 percent, the highest level in 14 years, in a bid to cool sky-high inflation.

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