Newest video updates regarding queen elizabeth,luther vandross,apple,chelsea vs brighton,eastenders,jim steinman,tom cruise,wimbledon,anne robinson,elephant and castle,croatia vs spain,tiafoe,basilashvili,,ewan mcgregor,peter mcgarry,cardi b,memphis depay,sharon stone,finance. Check out this “Bank of England raises interest rates to 1% despite recession warning” video below:
The Bank of England has raised the base rate of interest to 1% – the fourth consecutive increase as it continues to move against surging inflation – despite a warning about a recession ahead.
The Bank forecast that inflation will reach 10%, which is said to cause an unprecedented squeeze on household incomes.
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