UK economy may fall into the longest recession in 100 years: Bank of England
The UK economy faces a "very challenging outlook", with a recession that began this summer now expected to last until the middle of 2024, the Guardian reported.
Nov 04, 2022, 12:06 PM IST
Bank of England makes the historic interest hike to 3%, its biggest since 1989
The policy was aimed at staving off recession and spurring long-term growth - but instead it pushed sterling to a record low against the U.S. dollar, forced the BoE to prop up the bond market and led to Truss's resignation.
Nov 03, 2022, 20:09 PM IST
