Bank of England keeps its interest rates at 5.25%
The Bank of England has kept its interest rates at 5.25%. This means that the cost of borrowing will remain unchanged, for now at least. The institution has signaled that it may need to adjust …
bank of england
Bank of England raises interest rates by half a percentage point to a shocking 5%, highest since 2008
The Bank of England has raised its interest rates by half a percentage point to a shocking 5%. This is the highest level since 2008. The move will inflict untold misery on mortgage holders and …
Bank of England raises interest rate by 0.75%, to a whopping 3%
The Bank of England has raised its interest rate by 0.75%, to a whopping 3%. According to the institution, the move will curb inflation, but it’s a bitter blow for millions of people, who will …
Paper £20 and £50 notes will no longer be accepted as legal tender from today
Paper £20 and £50 notes will no longer be accepted as legal tender from today. From today, only polymer £20 and £50 notes can be used for commercial transactions. Those people still in possession of …
Bank of England issues stark warning about looming economic depression worldwide
The Bank of England has issued a stark warning about a looming economic depression in the wake of the Covid-19 pandemic. The dire prediction foresees a GDP nosedive of up to 14% in the UK, …