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FTSE 100 closes 1% lower as BoE hikes interest rates
The UK's index of leading shares finished down around 78 points, or 1.08%, at 7,159.52
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Bank of England
PRIVATE:BOE
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people. The Bank was established in 1694 to act as banker to the Government. We are still owned by the Government, but we set monetary policy independently.
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Cost of living payments due today but what other key dates should struggling households keep an eye out for?
After today's cost of living payment, what are the other key date for households in the rest of the year
Bank of England backs Kwasi Kwarteng's plans to scrap cap on bankers’ bonuses; unions against
The Daily Telegraph reported that The BoE said it had never supported the cap, which was imposed before Brexit, and noted that there are more effective measures to stop excessive risk-taking by bankers
Paper notes of £20 and £50 will cease to be legal tender at end-September
Though the majority of paper £20 and £50 banknotes have been replaced with new polymer versions, there are still over £6bn worth of paper £20 notes and over £8bn worth of paper £50 notes in circulation
UK public's expectations of inflation rise along with dissatisfaction with Bank of England
Markets expect the BoE's monetary policy committee will raise rates by 0.5 or 0.75 percentage points next Thursday
Currency, stamps and post-boxes, but what else will change after the passing of Queen Elizabeth II?
The Queen's name and face featured on almost everything for 70 years
Bank of England delays interest rate decision but ONS keeps economic data plans for coming week
Plenty of companies have results and other plans in the diary for the coming week and some may postpone them
All you need to know as Truss caps energy prices at £2,500 and revokes fracking ban
This will save homes £1,000 per year, on top of the £400 support package offered to all 26mln households, which will take bills to a maximum of £2,100 from October
Inflation and energy costs the target as new PM mulls cap freeze
The policy would likely cost about £130bn over the next 18 months
UK PMI figures shows the UK economy is on the brink of a recession
The composite PMI figure for the UK fell below 50.0 after a slowdown in the services sector in August.
What are new PM Liz Truss's options to deal with the energy crisis?
Dealing with the energy crisis must surely be the new PM's number one priority
Liz Truss becomes PM: What are the key financial dates ahead for her government?
A quick run through on major economic announcements and updates for the rest of 2022
Pound plunges near 30-year low and gilt yields hit 8-year high on UK economic worries
One economist forecast the pound will fall to around US$1.05 by the middle of next year, below the levels reached in 1985 and after the 2016 Brexit vote
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Fuller Treacy Comment of the Day - The 2022 euro area supply crisis, and more...
Comment of the DayVideo commentary for August 30th 2022A link to today's video commentary is posted in the Subscriber's Area. Some of the topics discussed include: oil pulls back sharply, copper extends decline, stocks under pressure and co
UK inflation to top 20% next year, predicts Goldman Sachs
Goldman also predicted the UK would move into recession in the fourth quarter of 2022
Energy bills surge 80% to £3,549: What it means for households and future forecasts
The set-to-be hiked threshold represents a 178% uptick compared to where it was a year ago but Chancellor Zahawi insisted 'help is coming with £400 off energy bills for all, the second instalment of a £650 payment for vulnerable households
FIVE at FIVE AU: the R word is back, but is a recession really on the cards?
Here’s Proactive Australia's round-up of the top financial stories of the day, with helpful links taking you directly to the news.
Energy costs rocket and will push inflation to 18.6% predicts US bank
Ofgem's price cap will hit £3,717 this week before rising to £4,567 in January 2023 and £5,816 in April.
UK economy fell by 11% in 2020; largest decline in over 300 years
It was the largest drop since the 'Great Frost' of 1709
Mortgage rates in the UK top 4% for the first time since 2013
Home loans with two-year fixed rates are now above 4% on average, with rates rising faster than central bank rate increases