UK interest rate jumps by 0.75% to 3% – highest since 2008

The Bank of England has warned the UK will see its longest recession since records began, as it raised interest rates by the most in 33 years.

In its outlook for the UK economy, it said the country would face a “very challenging” two-year slump.

We are primarily funded by readers. Please subscribe and donate to support us!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.