Warning UK economy to shrink as interest rates rise - BBC
5/5/2022 12:00:00 AM3 yearsago
by https://www.facebook.com/bbcnews
by https://www.facebook.com/bbcnews
Rates rise to 1% from 0.75%, their highest level since 2009, in a bid to tackle soaring inflation.
By Daniel ThomasBusiness reporter, BBC News Image source, Getty Images The Bank of England has warned that the UK economy will shrink this year as it raises interest rates to try to stem the pace o… [+5956 chars]
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