United Kingdom economy Archives

Bank of England makes biggest interest rate hike in 30 years

November 3, 2022November 3, 2022cpooldigitalLeave a Comment

The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The Bank of England has announced its […]

U.K. economy shrank a record 11% in 2020, worst since 1709

August 22, 2022August 22, 2022cpooldigitalLeave a Comment

The latest downward revision makes it greater than Spain’s, which recorded a 10.8% fall in output The latest downward revision makes it greater than Spain’s, which recorded a 10.8% fall in output Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 pandemic, […]