POLL-British cost of living crisis to have severe impact on economic growth ...Middle East

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POLL-British cost of living crisis to have severe impact on economic growth
source : Devdiscourse ( Middle East ) () 28
The cost of living crisis in Britain will have a severe impact on economic growth this year but the Bank of England will still lift interest rates again next week, marking its fourth consecutive meeting of increasing borrowing costs, a Reuters poll found. Inflation hit a 30-year high last month of 7.0% and the poll suggested it would be higher this quarter, meaning households are facing the biggest cost-of-living squeeze since records began in the 1950s, according to Britain's budget forecasters.

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