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The Latest Breaking News from The Bank of England

Jeremy Hunt pushes for investigation into firms exploiting inflation crisis for profit

Summit follows claims retailers are using spiralling inflation to boost profit margins by failing to pass on lower costs to consumers

The Independent UK

Strong spending at Primark eases fears on economy but adds to inflation worries

Associated British Foods, the chain’s owner, ups profit forecasts

Evening Standard

Martin Lewis says banks are 'profiteering' after being bailed out in 2007

It comes as interest rates hiked to 5 percent last week

Manchester Evening News

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Three men ordered to pay £200,000 after £12million in fake cash seized

It was the largest seizure of fake cash ever in the UK

Wales Online

Governments advised to cut public spending or raise taxes to curb inflation

Bank of International Settlements warns that economies, such as in the UK, need policies to cool price growth

The Guardian - UK

Rishi Sunak warns there's 'no alternative' to tackling inflation as he defends interest rates hike

One opposition leader labelled his comments 'patronising'

Manchester Evening News

Backlash as 'out-of-touch' Rishi Sunak tells struggling families UK must 'hold our nerve'

The Prime Minister claimed there was 'no alternative' but to hike interest rates in order to tackle inflation, but he was branded 'out-of-touch' and 'not up to the job' after an awkward TV interview

Daily Mirror

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Sunak warns ‘no alternative’ to curbing inflation as he defends rates hike

The Prime Minister urged homeowners to ‘hold our nerve’ as mortgage rates soar once again.

The Independent UK

‘There’s a lot of anger’: the mortgage trap ensnaring the Tories in their heartlands

In Selby, site of a key byelection, hardship may be opening the door to Labour even in comfortable Conservative North Yorkshire

The Guardian - UK

Pay rises for fat cat bosses blamed for inflation amid 'scapegoating' of workers fury

The salaries of the top 10% has outstripped the rest of the workforce - but the Bank of England has sparked anger by appearing to blame wage demands from low and mid earners and the Government may overrule public service pay bodies

Daily Mirror

Mortgage experts explain everything you NEED to know about the mortgage crisis

Consumer rights expert Martyn James is joined by TV mortgage and property experts Jane King and Jonathan Rolande to answer all the questions you may have about the current "mortgage crisis"

Daily Mirror

‘The mortgage crisis has changed our lives’: borrowers in England reel from latest rise in rates

Anguished families talk about how the Bank of England’s 13th consecutive interest hike is affecting them – and their fears for the future

The Guardian - UK

Concern 'it will get worse' for Nottinghamshire homeowners caught in mortgage rate 'struggle'

The Bank of England on Thursday, June 22 hiked interest rates to 5 per cent, further straining the finances of millions of homeowners across the country

Nottingham Post

From Brexit to Beyoncé: why UK inflation is still so painfully high

The cost of living is falling in Europe and the US but is still rising in Britain. We look at the major culprits

The Guardian - UK

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Daily Record

Martin Lewis calls it ‘absolutely outrageous’ that savings rates lag behind those now charged to borrowers

The Bank of England unexpectedly pushed up interest rates to 5% last week.

The Guardian - UK

UK mortgage rate crisis driving record rent squeeze as landlords pass higher costs on to tenants

Homelessness charity says hundreds of thousands of people could be left unable to cover their rent and at risk of losing homesBusiness live – latest updates

The Independent UK

Jeremy Hunt’s mortgages deal dismissed as ‘sticking plaster’ as Sunak urged to offer subsidies

Government told to offer direct support to homeowners – as chancellor’s agreement with banks dismissed as a ‘water pistol to put out a fire’

Nottingham Post

Jeremy Hunt unveils new bank measures for mortgage holders - but no government help

Crunch negotiations were held

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news in one place.

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The Guardian - UK

Rishi Sunak forced to acknowledge control of inflation lies with Bank of England

Chancellor agrees ‘mortgage charter’ to help borrowers but Labour says intervention is ‘weak’

Manchester Evening News

Chancellor Jeremy Hunt agrees new mortgage rules with banks to help struggling households

Homeowners will be able to switch their mortgage to interest-only repayments with 'no questions asked'

Daily Mirror

Martin Lewis shares vital verdict on Jeremy Hunt's mortgage help announcement

Yesterday the Bank of England upped its base interest rate to 5% and the Money Saving Expert responded by saying that "help was desperately needed"

The Independent UK

The whole thing is a scam, says variable rate mortgage holder on interest hike

The Bank of England hiked the base interest rate for the 13th time in a row on Thursday in a move set to cause more pain for mortgage holders.

Daily Mirror

Jeremy Hunt announces bank measures for mortgage holders - but no Government help

It comes after the Bank of England hiked interest rates to 5% - piling mortgage misery on cash-strapped families

Daily Mirror

Paypal to bring in major change for users as Bank of England hikes interest rate

Paypal credit customers received the email informing them of the hike in interest merely hours are the Bank of England's base rate rise.

The Week

Quiz of The Week: 17 - 23 June

UK borrowers got further bad news this week as the Bank of England hiked interest rates from 4.5% to 5%.

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