Consumer Gloom News Today

hello and welcome to audiences in the uk and around the world. we start here in the uk — where the bank of england is poised for the biggest rise in the cost of borrowing for 27 years — to rein in the soaring cost of living. economists expect the central bank to raise its main interest rate by half a percentage point — something it hasnt done in one go since 1995. that would take it to 1.75% the most expensive borrowing costs the uk has seen for almost a decade and a half — wit...

Australia is a land well used to natures extremes, but for many, back to back disasters are testing their resilience like never before. phil mercer, bbc news, sydney. finally — despite the consumer gloom around the world — it seems were still happy to bid for stuff on ebay. the online marketplace cashed in on pandemic lockdowns as we shifted our spending online and not surprisingly that boom has run out of steam. but ebay�*s sales figures have come in much better than wall street was expec...