The Bank of England is expected to raise interest rates for the first time since 2023, as millions face remortgaging
Markets widely expect the Bank of England to raise interest rates from 3.75% to 4% on Thursday, its first rise since 2023, to tackle rising inflation. Millions of households face remortgaging on worse deals.
Left 1 · Centre-left 5 · Centre 2 · Centre-right 1 · Right 0
ContextSources by leanVideoDeep diveFollow the moneyMore coverage
How each side framed it
Left-leaning outlets
Borrowers' pain: 'Millions in UK brace to remortgage on worse deals as rate rise looms' (The Guardian); 'First interest rate rises in three years expected as Iran war drives high inflation' (Morning Star).
Centre outlets
Centre-rated outlets headline it: “Bank of England set to raise rates to 4% in push to quell inflation” (Financial Times); “Bank of England poised to raise rates but may push back on bets for more” (Reuters).
Right-leaning outlets
'Bank of England expected to raise interest rates for first time since 2023' (Evening Standard), the only right-of-centre outlet in the sample.
Context
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Sources by lean
Balanced: the same number of articles from the left, the centre and the right (up to 3 each). The bar above still counts every rated outlet we found. Bias and factual ratings come from Media Bias/Fact Check. How we balance · All ratings.
Left 1
Centre 1
- Financial Times
Bank of England set to raise rates to 4% in push to quell inflation (paywalled or blocks bots)
Right 1
Showing 1 from each side of 9 rated outlets (L 6 / C 2 / R 1). Capped at 1 because that is all we found on the thinnest side. More coverage
Video
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Deep dive
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A question to hold: What would each side need to see to change its mind?
Try it: open one left and one right article in Sources by lean and note what each takes for granted.
Follow the money
Not yet researched. We haven't yet looked at who gains or loses financially from this story, or who funds the main voices on each side. When we do, we check company filings, the Electoral Commission donations register, lobbying registers, annual reports, InfluenceMap and OpenSecrets, and we apply the same checks to every side. How we follow the money.
Who owns or funds the outlets covering this story (9 outlets)
| Outlet | Lean | Ownership & funding (MBFC) |
|---|---|---|
| Morning Star | Left | The Morning Star is owned by the People’s Press Printing Society, a cooperative that readers can join. Revenue is derived through subscription fees, advertising, print sales, and donations. source |
| Bloomberg | Centre-left | Michael R. Bloomberg is the founder and majority owner of Bloomberg LP (The parent company of Bloomberg News). According to Investopedia, Bloomberg Terminal (remote software used to access financial information) is the most expensive among financial data providers. source |
| The Guardian | Centre-left | The Guardian and its companion publication, the Sunday newspaper The Observer, are owned by Guardian Media Group plc (GMG). Scott Trust Limited was created in 1936 to ensure the editorial independence of the publications and owns Guardian Media Group plc (GMG). source |
| The Herald (Scotland) | Centre-left | The Glasgow Herald is published by Herald & Times Group, which is owned by Newsquest Media Group Ltd. Newsquest is the second-largest publisher in the United Kingdom, publishing 205 brands including 165 newspapers. Further, Newsquest is owned by US-based Gannett which publishes USA Today. source |
| The Independent | Centre-left | The Independent is owned by Independent Print Limited, a company owned by the Lebedev family (Alexander Lebedev and his son Evgeny Lebedev). In 2017, Saudi Businessman Sultan Muhammad Abuljadayel bought a 30% stake in the Independent online newspaper. Advertising and subscription generate revenue for the paper..push({}); source |
| The National (Scotland) | Centre-left | The National is operated by Newsquest Media Group Ltd., a UK-based local media publisher. Newsquest is a wholly owned subsidiary of USA TODAY Co., Inc., the media company formerly known as Gannett Company, which also controls AZthe USA TODAY Network of national and local news outlets in the United States and regional titles in the United Kingdom. Revenue is generated from advertising and subscription sales source |
| Financial Times | Centre | The Financial Times is owned by The Nikkei, a Japanese news and financial information company that publishes the leading financial paper, The Nikkei. The FT generates revenue through subscriptions, a hard paywall, and advertising..push({}); source |
| Reuters | Centre | In April 2008, the British company Reuters Group was acquired by Thomson Corporation and formed Thomson Reuters. source |
| Evening Standard | Centre-right | The newspaper is majority-owned by Russian businessman and former KGB agent Alexander Lebedev and the Daily Mail and General Trust. Revenue is generated through advertising. source |