The Bank of England has raised interest rates to 1% in an attempt to control inflation, which is due to hit double digits this year
Inflation is set to top 10 per cent as the economy tips into recession putting further strain on household budgets, the Bank of England warned today.
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Bank of England warns of recession as it lifts interest rate\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
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