BBCNEWS World Business Report July 6, 2024
and 48 hours to come up with the next generation of video games. we'll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half—a—percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk's recession will be shorter and less severe than it previously th...