UK in ‘prolonged recession’, Bank of England warns, as it hikes interest rates to 3%
Bank of England has made its biggest interest rate rise in three decades, lifting borrowing costs to the highest since the 2008 financial crisis
Bank of England
![UK in ‘prolonged recession’, Bank of England warns, as it hikes interest rates to 3%]()
Bank of England tells lenders to brace for economic storm
"The economic outlook for the UK and globally has deteriorated materially," the BoE said as it published its latest Financial Stability Report,
![Bank of England tells lenders to brace for economic storm]()
