BBCNEWS Breakfast June 4, 2024 06:06:00
Our low pound makes it more expensive to import commodities priced in dollars, like oil, gas, food, materials. that could mean higher prices for goods and services that we buy. the bank of england tried to calm the situation, saying it would not hesitate to raise interest rates as much as necessary. they have not ruled out an emergency rise in the coming weeks, possibly in the coming days to try to rein in those price rises, inflation already at a a0 year high. the government has said it will give an update on its economic plans in november but the impact is already being felt. halifax, skipto...