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The Latest Breaking News from The Bank of England

Bank of England may have to raise rates to 5% this summer, says Goldman Sachs

US investment bank believes inflationary pressures could force monetary policy committee’s hand

The Guardian - UK

Inflation may be about to fall, but the interest rate pain is not over yet

Resilient UK growth may well prevent the Bank of England from ending its run of increases

The Guardian - UK

Lloyds Banking Group beats profit forecasts as lenders now look toward BOE rate hike

The UK’s biggest single mortgage lender is the latest bank to beat profit forecasts

Evening Standard

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

Fed to raise interest rate again amid core inflation pressure

Expected hike in benchmark rate to a range of 5% to 5.25% could push US into recession

The Guardian - UK

UK house prices rise for first time in eight months

Nationwide expert hails ‘tentative signs of a recovery’ as buyers’ confidence improves

The Guardian - UK

All the DWP and other money changes you need to know about in May

Energy bills, benefit payments and even supermarket delivery costs are all set to change

Liverpool Echo

The Bank of England was right, inflation has made us poorer. But whose fault is it?

Central banks are keen to blame the surge in inflation on anyone but central banks

The Guardian - UK

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'We are not ALL worse off, as fat cat bank chief Huw Pill (on £190k) reckons'

Bankers seem to be doing OK. The guy who runs British Gas got a £3.7million bonus last month. On top of his £790k salary

Daily Mirror

DWP advice on important changes to payments, tax credits and inflation in May

These are some of the dates to look out for in May

Belfast Live

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

‘I was really shocked’: would-be UK homebuyers describe their mortgage battles

Even high earners being hit by harsh bank affordability tests in wake of crisis caused by mini-budget

The Guardian - UK

10 money changes coming in May - including £200 energy help and Tesco delivery shake-up

Mirror money editor Levi Winchester runs through all the big financial changes and announcements coming up in May and how they affect your wallet - from benefits to your Tesco shop

Daily Mirror

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

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The Week

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 Guardian - UK

The Guardian view on Britons getting poorer: don’t accept it

Editorial: ‘We’re all worse off,’ says the Bank of England. Pull the other one

The National (Scotland)

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 Guardian - UK

Allowing Silicon Valley Bank UK to fail would have caused domino effect, FCA suggests

Regulator’s chief executive, Nikhil Rathi, outlines to MPs what led to HSBC’s takeover of the bank for just £1

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news in one place.

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The Guardian - UK

Do your homework if you want to grab rising savings rates

Inflation has brought some good news – for savers. But the best deals may not be around for long

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

The Guardian - UK

Britons splash out on holidays in boost for UK economy

Report shows fastest rebound in private sector output in a year, with interest rate rise likely next month

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

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

Crikey

The RBA has long appeared neoliberal and out of touch. This shake-up is overdue

Treasurer Jim Chalmers will today announce significant changes to the central bank. But while some are welcome, not all may be improvements.

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