BBCNEWS World Business Report July 7, 2024
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 hasn't 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 — with further steep rises expected. it comes as a leading think tank has warned inflation could hit 15%...
Source: archive.org