Britain is headed for year-long RECESSION.
#recession
https://www.dailymail.co.uk/news/article-11080611/Bank-England-hikes-rates-1-75.html?ito=social-twitter_mailonline
#recession
https://www.dailymail.co.uk/news/article-11080611/Bank-England-hikes-rates-1-75.html?ito=social-twitter_mailonline
Mail Online
Britain is headed for year-long RECESSION: Bank of England issues economic doomsday forecast as it raises interest rates to 1.75%…
Officials on the monetary policy committee raised the base rate from 1.25 per cent to 1.75 per cent as experts warned inflation could be heading for 15 per cent.
The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years.
It warned the UK would face a "very challenging" two-year slump with unemployment nearly doubling by 2025.
#interestrates #uk #recession
https://www.bbc.co.uk/news/business-63471725
It warned the UK would face a "very challenging" two-year slump with unemployment nearly doubling by 2025.
#interestrates #uk #recession
https://www.bbc.co.uk/news/business-63471725
BBC News
Bank of England expects UK to fall into longest ever recession
The Bank of England raises interest rates to 3%, marking the biggest rise for 33 years.
Ministers admit cash-strapped UK borrowed £22,000,000,000.00 more than it raised in taxes last month to 'fund soaring benefits'
#uk #recession
https://www.gbnews.uk/money/ministers-admit-cash-strapped-uk-borrowed-2200000000000-more-than-it-raised-in-taxes-last-month-to-fund-soaring-benefits/410849
#uk #recession
https://www.gbnews.uk/money/ministers-admit-cash-strapped-uk-borrowed-2200000000000-more-than-it-raised-in-taxes-last-month-to-fund-soaring-benefits/410849
www.gbnews.uk
Ministers admit cash-strapped UK borrowed £22,000,000,000.00 more than it raised in taxes last month to 'fund soaring benefits'
Government spending reached £22bn last month in its highest November level on record