Bank of England warns the UK will fall into recession this year
Published
BBC Local News: London -- The Bank of England raises rates as it warns inflation will rise over 13% and the UK faces a long recession.
Full ArticlePublished
BBC Local News: London -- The Bank of England raises rates as it warns inflation will rise over 13% and the UK faces a long recession.
Full ArticleHaving risen from 9.4% in June, the current rate is now five times higher than the Bank of England target of 2%
The Bank of England says the UK economy will go into recession in the last quarter of the year