UK inflation rate rises to 11.1% in October 2022
The consumer prices index (CPI) measure of inflation rose to 11.1% in October 2022, according to the Office for National Statistics (ONS). This is its highest level since October 1981.
The ONS confirmed that gas and electricity prices …
Bank of England increases interest rates to 3%
The Bank of England has increased interest rates from 2.25% to 3%. This is the eighth consecutive interest rate rise and the largest single increase 1989.
These recent increases in interest rates are an attempt to control the soaring cost …
Bank of England increases interest rates to 2.25%
The Bank of England has increased interest rates from 1.75% to 2.25%. This is the seventh consecutive interest rate rise and sees interest rates move to their highest level since 2008.
These recent increases in interest rates are an attempt …
Bank of England increases interest rates to 1.75%
The Bank of England has increased interest rates from 1.25% to 1.75%. This is the sixth. consecutive rate rise.
This increase in interest rates is an attempt to control the soaring cost of living.
The Bank of England’s Monetary Policy …