The Bank of England raised interest rates by 0.5% to 4pc. This is the highest rate since the financial crisis.
The Bank of England raised interest rates by 0.5% to 4pc. This is the highest rate since the financial crisis.
The Bank of England warned that Britain’s workforce would be permanently smaller following the pandemic. This will lead to stagnation.
A majority of 7-2 votes in favour of increasing the Bank Rate by 0.5% to 4% by the Monetary Policy Committee.
The Bank of England will raise interest rates for the tenth time in succession at its policymakers’ meeting this week to further squeeze the finances of businesses and mortgage holders.
More than 600,000 people will miss Tuesday’s self-assessment deadline, resulting in a £60m bumper haul of late penalties for HM Revenue and Customs.
European stock markets are likely to open lower as investors prepare for central bank decisions in the UK and US later this week.
Borrowers could pay £4,500 less annually in November 2023 than in November 2022
Threadneedle Street received a return of approximately 20pc from the buyers who paid £23bn to buy the bonds.
As Europe’s postal services develop, Britain and Germany are now outliers as Europe’s postal services evolve
The Bank of England announced its ninth consecutive increase in interest rates. This brings them to their highest level since before the global financial crisis.
Ofgem, the British energy regulator, stated that its price cap for household energy bills would increase by 21% to £4,279 ($5,172) per year from January 2023 to March 2023.