The Latest Breaking News from MPC

Inflation is set to jump to 9% this week when official figures are released, and fears of a slump are growing

Chaz Mostert pipped Kelvin van der Linde by eight one hundredths of a second to score pole position for the 2022 Bathurst 12 Hour.

Expert sounds warning as Bank of England economist says inflation ‘uncomfortably high’ amid cost of living crisis

Those on fixed rate mortgages will be shielded for now but it will drive up repayments for others on variable rates deals

Yesterday, the Federal Reserve implemented its first 50-basis-point interest rate hike since 2000 to tame rising inflation. The volatility in the stock market has been increasing with the Fed’s monetary policy pivot, historically high levels of inflation, and the Russia-Ukraine war. And analysts expect the S&P 500 to plunge further.…

Experts are predicting further rates rises but warn it will be difficult for the Bank of England to control inflation without risking recession.

It is a crippling cost of living crisis

The cost of living will hit a record high this year, the Bank of England is warning, with inflation due to hit 10% and the price of energy bills and food likely to keep rising

The change will mean higher mortgage costs and increased charges for anyone in debt or who is borrowing