UK already in recession with GDP falling and interest rates highest since 2008
UK already in recession with GDP falling and interest rates highest since 2008
The Bank of England has raised interest rates to the highest levels in over a decade
The Bank of England has raised interest rates to 2.25% from 1.75% – the highest level since November 2008.
The Bank of England has said it now expects a 0.1% fall in GDP over the current quarter, indicating that the country is already in a recession.
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