UK issues grim economic forecast ...News

Russia Today - Economy
UK issues grim economic forecast
source : Russia Today ( News ) () 24
The Bank of England warns of recession risk as it hikes interest rate to tackle soaring inflation The Bank of England has raised its base rate from 0.75% to 1% on Thursday, in an attempt to curb soaring inflation that is predicted to surpass 10% by the year end. The measure has sent the cost of borrowing to its highest level since February 2009. The regulator has warned that the cost-of-living crisis could plunge the economy into recession this year. Last month inflation in the UK rose to 7% – the highest rate in 30 years, driven by rising fuel costs against the backdrop of the Ukraine-related sanctions on Russia.

Hence then, the article about uk issues grim economic forecast was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( UK issues grim economic forecast )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

Inside Brazil’s Race to Secure Gas Supply

before 50 minute

MagZipp Brings High-Efficiency AR-15 Magazine Loading System to SHOT Show 2026

before hour & 6 minute

Will AI kickstart a new age of nuclear power?

before 3 hours & 28 minute

The 16th Launch of Forecasting & Prospects Research Reports on Energy Economy

before 3 hours & 54 minute

Ethiopia: Trump puts GERD at 'top' of his 'agenda,' offers to restart U.S. mediation in letter to Egypt, CCd to Saudi Arabia

before 4 hours & 35 minute

Oman’s GDP grows by 2% in Q3 2025

before 4 hours & 48 minute

Chinagoods Talk Show Gala Highlights Commerce Through Storytelling and Industry Exchange

before 5 hours & 45 minute

Muscat Stock Exchange Index Rises 97 Points Following Preliminary Financial Results Announcement

before 6 hours & 49 minute

Why you may just be renting your car even if you have a loan

before 7 hours & 50 minute

Oil prices rise slightly globally

before 8 hours & 24 minute

/C O R R E C T I O N -- Reflex Sales Group/

before 17 hour & 55 minute

Thinking Machines Cofounder’s Office Relationship Preceded His Termination

before 18 hour & 9 minute

The Hidden Energy Costs of Artificial Intelligence

before 18 hour & 54 minute

Lightera Advances Fiber-integrated Temperature Feedback for Safer Laser-based Medical Procedures

before 19 hour & 22 minute

Trump bought $1M in Netflix, Warner Bros. bonds after merger announcement

before 19 hour & 32 minute