It's Friday and that means the weekend has officially begun, so it's time to sit back and relax with our weekly pub quiz to test your knowledge.
21.06.2023 - 11:05 / manchestereveningnews.co.uk
The Bank of England (BoE) is set to release the new interest rate this week amid new figures that show inflation has failed to fall.
On Thursday, June 22, the BoE is expected to release the new rates at around noon. While it is not clear what decision the bank will make, they now face more pressure to increase the base rate in a drive to bring down inflation.
It comes after new figures from the ONS revealed that inflation has not changed, with the Consumer Prices Index remaining at 8.7 per cent in May - the same it was in April. This goes against the Bank's goal of dropping inflation and keeping it at 2 per cent.
Join our WhatsApp Top Stories and Breaking News group by clicking this link
The main tool used by the Bank to bring down inflation is by raising the base rate. This increase would primarily be felt by mortgage-holders with a variable interest rate.
Such people could notice the cost of their repayments increase alongside the base rate. It's important to note that mortgage-holders with a fixed rate won't see any changes to their payment until after their fixed period ends.
The BoE raises interest rates to ensure that inflation is brought down. The Bank's Base Rate is factored by the country's economical situation and it is up to the Bank to decide what will bring down the rate of inflation over the next few years.
In May, the base interest rate was hiked to 4.5 per cent by the bank’s Monetary Policy Committee (MPC). Rates have been increased 12 times in a row from 0.1 per cent in December 2021.
While there is always a chance the interest rate won't change, it seems this is unlikely due to the new inflation figures. Many experts were predicting inflation to fall in May, partly due to the Bank's hardline
It's Friday and that means the weekend has officially begun, so it's time to sit back and relax with our weekly pub quiz to test your knowledge.
Are Joe Keery and Taylor Swift working on something together? Or are they just hanging out? Fans want to know!
Since October 2022, billpayers across the country have been benefiting from the Energy Price Guarantee.
After six months of searching, the San Bernardino County Sheriff’s office confirmed today that the human remains found earlier this week by hikers were, indeed, those of actor Julian Sands.
OMG! Production is about to be underway for the next season of Vanderpump Rules!!
Thousands of Brits will receive a boost to their childcare payments this week, according to the Department for Work and Pensions.
What to watch: 7 movies and shows to stream this week - May 26What to watch: 7 movies and shows to stream this week - June 2What to watch: 7 movies and shows to stream this week - June 16“The Bear” is back for a season two. The anxiety inducing cooking drama follows a cast of characters as they try their hardest to keep their struggling restaurant afloat.
A manipulative bully who vowed his ex-girlfriend would be the ‘next Katie Piper’ is amongst those who have been jailed in Greater Manchester this week.
Summertime — and the living is easy. Whether you’re game for a glass (or bottle!) of Bethenny Frankel’s summery wine or drooling over the idea of jetting off to Robin Roberts’ go-to Turks & Caicos getaway, these star faves are all you need for an A-list season.
Rishi Sunak said there is 'no alternative' to tackling inflation other than raising interest rates as he told Brits feeling the pinch to 'hold our nerve.'
Us Weekly has affiliate partnerships so we may receive compensation for some links to products and services. Please note, prices and deals are accurate at the date of publication but are subject to change.
MSNBC’s “Morning Joe” blasted Elise Stefanik for introducing resolutions to formally expunge the impeachments of former President Donald Trump.On Thursday, Republican Congresswoman Stefanik and Congresswoman Marjorie Taylor Greene introduced two resolutions that would erase the Dec. 18, 2019, and Jan. 13, 2021 impeachments of Trump as if the “unconstitutional” articles had never passed the full House of Representatives.“It’s totally unclear if such resolutions are even legally possible,” co-host Mika Brzezinski said.
The Bank of England has once again decided to raise interest rates after a meeting with members of the Monetary Policy Committee today (June 22). After a majority vote of 7-2, the base rate now sits at 5 percent after a huge 0.5 percent increase.
The Bank of England (BoE) has agreed to raise the Base Rate for the 13th time in a row.
The tourist sub known as the Titan, which went missing taking high-paying tourists into the depths to see the wreckage of the Titanic, has more in common with the famous shipwreck than its name!
Kourtney Kardashian may have the kind of jet-setting lifestyle some can only dream of, but there’s no need to be green with envy — when you can be green with her favorite matcha-based product instead.
Us Weekly has affiliate partnerships so we may receive compensation for some links to products and services. Please note, prices and deals are accurate at the date of publication but are subject to change.
What to watch: 7 movies and shows to stream this week - June 2What to watch: 7 movies and shows to stream this week - May 2610 movies to watch this summerChris Hemsworth has a new film on Netflix. “Extraction 2” is a sequel to one of the streamer’s most successful films, following Tyler Rake, a mercenary that’s back for another round of action. John Early, one of the most hilarious people in the world, has a new comedy special.
The Dow Jones nosedived this afternoon as the Federal Reserve – which has raised interest rates ten times since last year – held them steady for June but indicated that more hikes are on the way.
Michael Schneider Variety Editor at Large America’s most famous juror is hitting the courtrooms to feed a few more Southern California citizens doing their civic duty. Ronald Gladden, the unsuspecting real-life star of Amazon Freevee’s “Jury Duty,” will join some of the show’s cast members to had out tacos this week near various Los Angeles County courthouses. This week on Wednesday, Thursday and Friday, “Jury Duty” will be handing out free tacos to jurors (and well, whomever shows up at the truck) in Beverly Hills, Studio City and Venice. The taco truck Emmy FYC stunt is inspired by a scene in the show’s first episode, “Voir Dire,” when James Marsden buys tacos for the jurors “in lieu of selfies.”