BBCNEWS BBC News July 7, 2024
good morning. the governor of the bank of england has defended the decision to raise interest rates, saying there's a "real risk" of soaring prices becoming "embedded". yesterday, the bank warned the uk will fall into recession as it raised interest rates by the largest amount in 27 years. the uk economy is forecast to shrink in the last three months of this year, as the bank predicts a recession that will last well into next year. the bank says that sharp increases in energy prices will push inflation to more than 13% — a 42 year high — and that the value of people's incomes is ...
Source: archive.org
