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The Bank of England is set to impose another interest rate hike on the UK economy today – the 12th consecutive increase in its battle to curb rampant inflation.

Both financial markets and economists widely expect a 0.25 percentage point rise to 4.5%.

The Bank Rate had stood at 0.1% in December 2021 before the tightening cycle began to tackle the pace of price rises, which were initially caused by economies getting back in gear after the COVID pandemic.

Russia’s invasion of Ukraine the following February then exacerbated the inflation problem, with soaring energy costs piling additional misery on Western nations.

Those considerable extra costs, faced by households and businesses alike, are still filtering through in the form of stubborn inflation for many goods and services despite wholesale energy costs easing in recent months.

The latest official figures showed the headline consumer prices index (CPI) measure at 10.1% – fed by the highest grocery inflation for 45 years.

The Bank is also likely concerned that higher-than-expected wage increases will embed inflation in the economy over the months ahead.

More on Cost Of Living

But there is good news on the CPI number just around the corner.

The inflation data for April is set to strip out the effects of the leap in household energy bills seen in April 2022 while the cost of fuel, which was also on the march at that time, is now well down on the levels seen in the same month a year ago.

Some economists predict a CPI number for April below 8% just because of the energy impact alone.

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This does not mean that prices are necessarily coming down and the cost of living crisis is over.

It is just that the contributions to inflation from the energy components are not so severe when it comes to measuring the pace of price increases over a 12-month period.

Raising Bank Rate – the Bank of England’s base interest rate – is a tool to reduce demand in the economy.

The rises are intended to cool activity and help inflation ease back towards the Bank’s 2% target.

But there are consequences.

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April: Another interest rate rise ‘almost a done deal’

Chief among them is the impact on borrowers, especially households on variable mortgage deals or those who have had to secure a new fixed deal over the past year.

According to research by TotallyMoney and Moneycomms, a further quarter-point interest rate rise will add £26 to monthly repayments for variable customers on the average UK property costing £270,708 with a 75% loan-to-value ratio.

The Bank rate increases, they said, meant the same customers were now facing forking out an extra £482 per month compared to pre-December 2021.

The Bank is mindful of the impact its actions are imposing on millions of households that are already struggling under the weight of meaty bills.

With that in mind, the remarks contained in the minutes of the Bank’s meeting and wider monetary policy report, all released at midday, will be crucial to understanding the likely way forward for borrowing costs.

The Bank is formally expected to raise its forecasts for economic growth as its staff no longer expect a recession this year.

But the outlook for Bank rate is a bit more clouded as inflation has proved more stubborn to bring down.

Bank governor Andrew Bailey’s comments to reporters will be especially closely watched for signs the rate-setting committee is edging towards a pause in its rate hikes.

The prospect of an end to the tightening will largely depend on the data ahead.

Andrew Hagger, personal finance expert at Moneycomms.co.uk, said: “Consumers and businesses will be praying that this is the last rate hike…. they will have their fingers crossed that inflation numbers will fall sharply before the next MPC (monetary policy committee) rate decision on 22 June.

“Savers may be enjoying the best returns on cash savings for more than a decade but those with borrowing have been pushed to the brink by the financial impact of a dozen consecutive rate hikes.”

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Husband describes ‘horror’ as wife fatally hit by van at golf course after police chase

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Husband describes 'horror' as wife fatally hit by van at golf course after police chase

A husband has described how he watched in “helpless horror” as his wife was fatally hit by a van at a golf course after the vehicle was involved in a police chase.

Suzanne Cherry, 62, died in hospital four days after she was struck on the morning of 11 April, Staffordshire Police said.

Two patrol cars had been following the grey Nissan van in Kingstanding, Birmingham, after receiving reports of suspicious activity, according to the Independent Office for Police Conduct (IOPC).

They stopped chasing the van when it came off the road and went up an embankment at Aston Wood Golf Club, where it hit Ms Cherry, of Aldridge, Walsall.

In a statement released by police, Ms Cherry’s husband – who was not named – paid tribute to his “beautiful wife” and said her death leaves an “unfillable void” in the lives of her family.

“While enjoying what should have been the safest of one of Suzanne’s many activities, I watched in helpless horror as the life of my beautiful wife and our future together was snatched away in an instant,” he said.

Ms Cherry’s husband said she had “an amazing and infectious zest for life”, adding: “Suzanne leaves a legacy and an unfillable void in the lives of her mother Maureen, her three adult children, two step-children and countless others from her work, her sporting activities and social circle.

“Sue was loved, and will be painfully missed by her entire family and friends, we ask that our privacy at this difficult time be respected.”

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Officers from three different forces have arrested six men in connection with the incident.

The IOPC is continuing to investigate the circumstances before the collision.

Police are continuing to appeal for witnesses to come forward.

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Prince Andrew joins King and Queen at Easter Sunday church service

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Prince Andrew joins King and Queen at Easter Sunday church service

Prince Andrew was among members of the royal family who attended the traditional Easter Sunday service in Windsor.

It is the second year in a row that the Duke of York has joined the King and Queen at St George’s Chapel, appearing to enter the chapel quickly after his eldest brother’s arrival.

Other members of the royal family, including Princess Anne, the Duke and Duchess of Edinburgh, Princess Eugenie and Princess Beatrice and Andrew’s ex-wife Sarah Ferguson, also gathered outside the church.

The Duke of York leaves after attending the Easter Mattins service at St George's Chapel in Windsor Castle, Berkshire. Picture date: Sunday April 20, 2025.
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The Duke of York leaving St George’s Chapel. Pic: PA

William and Kate did not attend the annual service, deciding instead to spend time with their children, George, Charlotte and Louis, in Norfolk before they go back to school.

Crowds wished the King and Queen a Happy Easter as they left the chapel, with two children presenting Camilla with a bunch of flowers, before they were driven away.

King Charles III and Queen Camilla attend the Easter Mattins service at St George's Chapel in Windsor Castle, Berkshire. Picture date: Sunday April 20, 2025.
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King Charles and Queen Camilla arriving at St George’s chapel. Pic: PA

The Princess Royal speaks with the Dean of Windsor, the Right Rev Christopher Cocksworth, as she arrives for the Easter Mattins service at St George's Chapel in Windsor Castle, Berkshire. Picture date: Sunday April 20, 2025.
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The Princess Royal. Pic: PA

Andrew was seen glancing at a member of the crowd, who wished him a “Happy Easter” before the duke walked off with his ex-wife.

The duke has not been pictured at a formal royal family event since last Easter. He missed the royal family’s traditional Christmas gathering at Sandringham amid the controversy surrounding his links to an alleged Chinese spy.

He disappeared from public life after stepping down from official duties in March 2020, following his explosive TV interview with BBC’s Newsnight.

The Duchess of Edinburgh followed by Princess Eugenie and her husband Jack Brooksbank and Princess Beatrice arrive for the Easter Mattins service at St George's Chapel in Windsor Castle, Berkshire. Picture date: Sunday April 20, 2025.
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The Duchess of Edinburgh followed by Princess Eugenie and Princess Beatrice. Pic: PA

Sarah, Duchess of York, waves to the crowd as she attends the Easter Mattins service at St George's Chapel in Windsor Castle, Berkshire. Picture date: Sunday April 20, 2025.
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Sarah Ferguson. Pic: PA

The Easter sermon is traditionally led by the Archbishop of Canterbury, but was today led by the Archbishop of York, Stephen Cottrell, from York Minster.

Mr Cottrell has temporarily taken over the role after Justin Welby announced he was stepping down in November last year, after an independent review found he “could and should” have reported decades-long abuse of men and young boys by his former friend, the barrister John Smyth QC.

Mr Cottrell has also apologised for his handling of the case.

King Charles III and Queen Camilla leave after attending the Easter Mattins service at St George's Chapel in Windsor Castle, Berkshire. Picture date: Sunday April 20, 2025.
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Pic: PA

Queen Camilla waves to the crowd as she holds a posy after attending the Easter Mattins service at St George's Chapel in Windsor Castle, Berkshire. Picture date: Sunday April 20, 2025.
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The Queen waves to crowds in Windsor. Pic: PA

King’s message of ‘faith, hope and love’

Last year’s Easter Sunday service was the King’s first major public appearance after he announced his cancer diagnosis.

The 76-year-old monarch is still receiving treatment for cancer, and last month, spent a short period of time in hospital after experiencing temporary side effects.

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King and Queen attend Maundy service

In his Easter message – a tradition he started when he was the Prince of Wales – Charles reflected on the examples of “great cruelty and great kindness” that “daily come before our eyes” – saying they should remind the world of the importance of the “virtues of faith, hope and love”.

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He shared the message last week ahead of attending the annual Maundy service at Durham Cathedral, where he presented the Maundy recipients – 76 men and 76 women – with two purses: one red and one white, containing Maundy Money.

The ancient tradition traces back to the 13th century and is given to recipients in recognition of outstanding Christian service and work in their local communities.

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Police appeal over ‘senseless’ damage to seven statues during trans rights rally in London

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Police appeal over 'senseless' damage to seven statues during trans rights rally in London

Police are appealing for information after seven statues – including one of suffragette Millicent Fawcett – were daubed with graffiti during a trans rights rally in London.

The Metropolitan Police said the criminal damage took place during the protest in Parliament Square, Westminster, on Saturday.

Thousands of people had gathered for an “emergency demonstration” following the Supreme Court ruling earlier this week on the definition of a woman.

The words “Trans rights are human rights” were written on a statue of South African statesman Jan Christian Smuts.

Graffiti on the statue of South African statesman Jan Christian Smuts in Parliament Square. Pic: PA
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Graffiti on the statue of South African statesman Jan Christian Smuts in Parliament Square. Pic: PA

The Met Police said officers were trawling CCTV footage and no arrests have been made as yet.

Chief Superintendent Stuart Bell said: “Criminal damage and vandalism like this has no place on the streets of London and spoils the area for locals and those visiting.

“While the police support the public’s right to protest, criminality like this is senseless and unacceptable. We are pursuing this and will take action against those responsible.”

Pic: PA
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Graffiti on the statue of Millicent Fawcett. Pic: PA

Mr Bell said there were plans to remove the graffiti “but this requires specialist equipment and we are confident this will be done shortly”.

“We are keen to speak to those who saw anything on the day and urge anyone with information, pictures or footage to come forward,” he added.

The force has not shared details of which seven statues were defaced. Parliament Square is home to 12 statues of political figures including Winston Churchill, Abraham Lincoln and Mahatma Gandhi.

Protesters demonstrate in Westminster in support of the transgender community. Credit: Daniel Bregman
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Thousands of protesters joined the rally on Saturday. Pic: Daniel Bregman

The Met said it was also dealing with a number of complaints from the public about signs and images shared on social media that were reportedly displayed at the protest.

The force said while officers were investigating the displayed signs and images, they had so far proved to be from historic events, did not take place in London, or did not constitute a criminal offence.

The protest followed a long-awaited judgment delivered on Wednesday, when the UK’s highest court ruled the terms “woman” and “sex” in the Equality Act 2010 “refer to a biological woman and biological sex”.

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Gender ruling – How it happened

It essentially means trans women who hold gender recognition certificates are not women in the eyes of the law.

This means transgender women with one of the certificates can be excluded from single-sex spaces if “proportionate”.

The UK government said the unanimous decision by five judges brought “clarity and confidence” for women and service providers.

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