Bank of England confirms largest interest hike in over 25 years as long recession looms

By Digital Desk

Aug 6, 2022

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The Bank of England said the British economy would begin to shrink in the final quarter of 2022 and contract throughout all of 2023, making it the longest recession since after the global financial crisis. (PA Photo)

Bank of England, Recession, Interest Rates; economy — The Bank of England said the British economy would begin to shrink in the final quarter of 2022 and contract throughout all of 2023, making it the longest recession since after the global financial crisis. (PA Photo)

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