https://www.thelondoneconomic.com/bu...erence-339137/
The UK economy has bombed. I watched the Andrew Neil show last night. Business secretary Grant Shapps was a guest on the show. Talked total rubbish, Andrew Neil could hardly keep a straight face. UK economy is performing worse than Russia.
https://financial-news.co.uk/uk-to-b...onomy-in-2023/
The bank of England has increased interest rates to base rate 4%
The current Bank of England base rate is 4%.
The base rate has been rocketing over the past year or so. It dropped to an all time low of 0.1% in March 2020 to try and help the economy survive impact of coronavirus, and stayed there until November 2021.
Then the rises began. By March the base rate was 0.75%, by September it was 2.25% and by the ned of the year rates were 3.5% - the highest they'd been for more than a decade.
The the Bank's rate-setting Monetary Policy Committee (MPC) didn't meet in January, but raised rates by another 0.5 points in February to leave them at 4%.