Bank of England expects UK to fall into longest ever recession
The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years.
By News on the Net -- BBC News—— Bio and Archives--November 4, 2022
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It warned the UK would face a "very challenging" two-year slump with unemployment nearly doubling by 2025.
Bank boss Andrew Bailey warned of a "tough road ahead" for UK households, but said it had to act forcefully now or things "will be worse later on".-- More...
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