Economy News for Kids | Mango News Kids

24 May - 30 May 2026

Starting 24 May 2026

The Guardian · 29.05.26The Bank of England is in no rush to raise interest ratesThe bank wants to wait and see while the world feels uncertain.

🏦 The leader of the Bank of England says they are not planning to raise interest rates right now.
🐢 Experts want to be careful because the economy is growing a bit slowly at the moment.
🌐 Global events like conflicts in other countries make the leaders want to wait and see what happens next.
💰 This choice means that the cost of borrowing money will likely stay the same for a while.
⚖️ The bank wants to help the country stay stable while things around the world are uncertain.

👵 Fun Fact!

The Bank of England is over 330 years old! It was founded in 1694 and is nicknamed "The Old Lady of Threadneedle Street".

17 May - 23 May 2026

Starting 17 May 2026

The Guardian · 22.05.26The UK borrowed more money than expected in AprilRising prices made it cost more to help people.

💰 The UK government borrowed about £24 billion in April, more than experts guessed.
📈 Prices of many things went up, so it cost more to help people.
👵 The government is paying more money for pensions, which help older people.
🏦 It also has to pay extra money back on the loans it already has.
🧮 Leaders now need to think carefully about how they spend money.

🪙 Fun Fact!

The British pound is the oldest currency still being used anywhere in the world! It has been around for more than 1,200 years, since the time of Anglo Saxon kings.