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The Latest Breaking News from The Bank of England

£9billion in old UK banknotes not cashed in - how to exchange old notes for new ones

Around £9billion worth of old paper banknotes are still in circulation around the UK - if you still have you shouldn't worry as you are still allowed to swap them for the new plastic notes

Daily Mirror

Mortgages: UK lenders continue to raise rates and pull deals

Record 19% of all loans taken out by first-time buyers in March were for 35 years or longer

The Guardian - UK

House prices fall at fastest annual rate since financial crisis

House prices decreased by 0.1% in the month of May alone

The Independent UK

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Brexit was ‘historic economic error’, says ex-US Treasury chief

UK’s exit from EU helped fuel inflation crisis, says top US economist Larry Summers

The Independent UK

Why UK inflation is so high compared to EU and US and what to do about it

Britain has a bigger inflation problem than either the US or the eurozone, according to Bank of England policymaker Catherine Mann.

The Conversation

House prices falling at their fastest rate in nearly 14 years as buyers reel from higher interest rates

Buyers ‘spooked’ by threat of yet more interest rate rise pain on mortgages

Evening Standard

£9bn boost for Isa savings in April as new tax year started

Higher savings rates and frozen tax thresholds mean protecting savings from tax is a top priority, one expert said.

The Independent UK

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UK mortgage lending hits record low in sign of housing market stress

Bank of England data shows sharp dip in borrowing as Nationwide says house prices falling at fastest annual rate since 2009

The Guardian - UK

Eurozone inflation falls to 6.1%; Brexit a ‘historic economic error’; US private payrolls rise – as it happened

Eurozone inflation eased more than expected last month, as former US Treasury secretary Larry Summers warns Brexit helped to drive up UK inflation

The Guardian - UK

All the money, benefits, and energy bill changes coming in June

A wide range of financial changes will take place this month

Manchester Evening News

‘Reality check’ for the housing market as sales slide by 8% month-on-month

Experts suggest the slowdown is likely to be longer and deeper than originally anticipated

The Independent UK

The key fact about UK Government ‘spending’ that sets it apart from Holyrood

"Where does all the money come from to pay for the ‘free’ things in Scotland?” To answer that question it is easiest to look at it in two…

The National (Scotland)

OPINION - The Standard View: A mortgage time bomb is poised to detonate over London

A mortgage timebomb is poised to detonate. Since the Bank of England raised interest rates from 0.1 per cent to 4.5 per cent, research by the Resolution Foundation think-tank suggests that just a third of mortgage holders have been impacted. But that will not last.

Evening Standard

Seven important changes to money, benefits and shopping rules coming in June

You need to know if you have a mortgage, shop at Tesco, or bank at Nationwide while there is a key date for everyone who pays energy bills

Wales Online

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The Guardian - UK

UK banks shortchanging savers with ‘measly’ rates, says Which?

Some instant access accounts as low as 0.1% despite Bank of England’s 4.5% base interest rate

The Guardian - UK

UK food inflation dips in May, raising hopes rate of price growth is slowing

British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop price growth hits fresh high

Chronicle Live

Seven money changes coming in June including new DWP cost of living payment and Tesco Clubcard shake-up

From Tesco Clubcard holders to the £150 disability cost of living payment, there are massive money shake-ups coming in June

Daily Record

Seven money changes happening in June - from Clubcard updates to £150 payment

Next month will see a few different changes happening in terms of money, so here's a list of everything you should be aware of.

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Manchester Evening News

Seven money changes coming in June and how they'll impact your bank account

The Bank of England will make an interest rate announcement and the latest inflation rate will be released

Daily Mirror

Seven money changes coming in June - including £150 payment and Tesco Clubcard shake-up

We round up all the money changes and updates coming in June - from a huge shake-up of the Tesco Clubcard scheme, to the £150 disability cost of living payment and more

Daily Mirror

A simple home improvement in thousands of homes could cause householders looking to remortgage a headache with money lenders, according to a group of experts

The Guardian - UK

Rishi Sunak warned over possible UK recession in 2024

High inflation likely to push interest rates above 5% and force up mortgage and loan payments just ahead of election

The Guardian - UK

The Guardian view on a death of consensus: politicians are having different nightmares

Editorial: Interventions from the Tory chancellor and his Labour shadow spell the end of a period of economic agreement

The Conversation

UK bonds are in meltdown again – what does that mean for pensions? Expert Q&A

UK government debt prices have taken an unnerving journey south in the past few days. The closely watched ten-year bond has now hit a yield of 4.3%, taking it within a fraction of the level that caused a crisis in autumn 2022.

The Independent UK

How homeowners can escape huge mortgage hikes as lenders raise rates

Britain’s biggest building society Nationwide raised its mortgage rates on Friday

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