Bank of England Hikes Interest Rates Amid Soaring Inflation
In a bid to curb rampant inflation at its highest level since 2009, the Bank of England has raised...
interest rates
BoE Raises Interest Rates Amid Global Inflation Concerns and Ukraine Conflict Impact
In response to rising living costs and global economic turmoil, the Bank of England has increased interest rates to...
BoE Raises Interest Rates Amid Inflation Concerns and Rising Cost of Living
In a surprising move, the Bank of England has raised interest rates for the second time in three months,...
Bank of England Holds Rates, Predicts Economic Rebound with Vaccine Rollout
The Bank of England predicts a rapid economic rebound this spring, thanks to successful vaccine rollouts and easing Covid-related...
UK Furlough Scheme Extended Until March with Increased Business Support Measures
Chancellor Rishi Sunak extends the furlough scheme until March, keeping payments at 80% of employee wages. This comes as...
Bank of England Unveils £150bn Covid Support Package, Maintains Low Interest Rates
In a recent announcement, the Bank of England revealed it will provide an additional £150 billion in crisis support...
UK Economy Faces Deepest Recession Since Financial Crisis with 15% Q2 GDP Contraction
The UK economy is set to experience its deepest recession since the financial crisis, with a predicted 15% contraction...
Bank of England Cuts Interest Rates and Introduces New Measures to Combat Coronavirus Impact
In a bid to mitigate the impact of the coronavirus outbreak on the UK economy, the Bank of England...
BrightHouse to Close 30 Stores, Affecting 350 Jobs and Customer Payments
BrightHouse, a rent-to-own retailer, plans to close 30 stores over the next two months, putting up to 350 jobs...
BoE Holds Interest Rates Amid Brexit Uncertainty
In a recent development, the Bank of England has decided to keep interest rates on hold due to increasing...