Thread: Bank of England raises base rate of interest to 1%
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Old 05-05-2022, 14:10   #2
1andrew1
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Re: Bank of England raises base rate of interest to 1%
Quote:
Originally Posted by joglynne View Post
Appears our slide into recession is inevitable . Can anyone see a glimpse of a silver lining or any way out 'cause I can't.

https://news.sky.com/story/interest-...-high-12605700

https://www.moneysavingexpert.com/ne...bGD_Pq8wV5iwh0
In the short-term, we need to hope for a quick end to the war in Ukraine and for Coronavirus not to impact us economically in the future.

Longer term, the UK is continuing to suffer from poor productivity and reduced trade with its largest trading partner, the EU. Tackling these may not prevent the short-term slide but will help the country's economy in the longer term.
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