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UK Faces 2-Year Recession, Warns Central Bank, Announces Huge Rate Hike
The Bank of England on Thursday announced its biggest interest rate hike since 1989 to combat sky-high inflation that it warned was pushing Britain into a recession set to last until mid-2024.
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Don't Know Where Boris Is: UK Minister On PM's Leave Amid Economic Crisis
A senior British minister admitted Friday "I don't know where Boris is" as the premier checked out on holiday, in a week that saw the Bank of England warn a year-long recession is coming.
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Challenging Winter Ahead For UK As Bank Of England Forecasts Lengthy Recession
Britain will sink into a lengthy recession later this year as inflation rockets even higher, the Bank of England forecast Thursday as it unveiled the biggest interest rate hike since 1995.
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UK Faces 2-Year Recession, Warns Central Bank, Announces Huge Rate Hike
The Bank of England on Thursday announced its biggest interest rate hike since 1989 to combat sky-high inflation that it warned was pushing Britain into a recession set to last until mid-2024.
-
Don't Know Where Boris Is: UK Minister On PM's Leave Amid Economic Crisis
A senior British minister admitted Friday "I don't know where Boris is" as the premier checked out on holiday, in a week that saw the Bank of England warn a year-long recession is coming.
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Challenging Winter Ahead For UK As Bank Of England Forecasts Lengthy Recession
Britain will sink into a lengthy recession later this year as inflation rockets even higher, the Bank of England forecast Thursday as it unveiled the biggest interest rate hike since 1995.
