1 minute read
Even The Most Resilient Can Experience
Sudden Financial Shock.
INTEREST RATES RISE AGAIN Bank of England raise interest rates to 4% amid concern of more to come.
ECONOMY IN RECESSION SAYS BoE
UK faces longest recession since records began, BoE described outlook for Britain’s economy as
Cost of living increasing at fastest rate in 40 years UK living costs increasing due to rising food and energy prices.
Cost of Living Crisis
One in four Britons have less than £100 savings. Fears grow over growing debt in cost of living crisis
INFLATION SET TO HIT
BoE said it now expects inflation will hit 40-year high during current quarter, more than five times its 2% target
11%