Tag Archives: UK economy

bank of england: Bank of England says UK in recession as it raises interest rates to 14-year high – Blue Barrows

The Bank of England has raised UK interest rates by 0.5 percentage points to 2.25 per cent in an attempt to combat soaring inflation amid the cost of living crisis, the media reported. That’s the seventh consecutive increase in Bank Rate in a row, but a smaller rise than many investors had expected, The Guardian […]