London, UK | Xinhua | The Bank of England (BoE) has raised its benchmark interest rate by 0.25 percentage points to 4.25 percent, the highest since autumn 2008, according to a BoE statement issued on Thursday. At its meeting ending on Wednesday, the central bank’s Monetary Policy Committee (MPC) voted …
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About 44 percent of Britons are having to cut back on food spending as a result of rising food prices London, UK | Xinhua | British households are being weighed down by a worsening cost-of-living crisis and public skepticism toward the government’s economic policy is on the rise as the country’s …
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London, United Kingdom | AFP | The British government has expanded its overdraft with the Bank of England to help weather coronavirus disruption, it said Thursday. The government’s “ways and means facility” — effectively its overdraft account at the BoE — is also being used to temporarily help finance spending on …
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