Bank of England raises interest rates to 2.25 per cent English Headline

The Bank of England has raised interest rates to 2.25 per cent – the highest level since the 2008 financial crisis.

It has also warned the United Kingdom could already be in recession.

“We’re already seeing signs that the economy is slowing from short-term indicators and that kind of thing,” Resolution Foundation Economist James Smith said.

“We’re going to see more of that in the coming months.”

English Headline

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