Britain is headed for year-long RECESSION: Bank of England issues economic doomsday forecast as it raises interest rates to 1.75% – and warns inflation will hit 13% this year causing plunge in living standards

by Boo_Randy

You reap what you vote, UK sheeple.

Source: www.dailymail.co.uk/news/article-11080611/Bank-England-hikes-rates-1-75.html

A base rate of 1.75% when real inflation – as opposed to falsified official inflation data – is running around 17% is a joke. All of the gold collar criminals at the central banks should be in prison for what they’ve done to the middle and working classes in countries like the UK.

www.dailymail.co.uk/money/mortgageshome/article-11077649/UK-recession-explained-mortgage-rates-rise-means-savings.html

The Bank of England has increased its base rate 0.5 percentage points to 1.75 per cent, the biggest interest rate hike in 27 years and its sixth rise since December 2021.

Its Monetary Policy Committee announced the move today, with eight members out of nine voting in favour of the hike.