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    Midlands Radio

bank of england

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Andrew Bailey

Is The UK Heading For A Recession, And What Will It Mean?

Andrew Bailey, governor of the Bank of England, addresses the media as interest rates are hiked to their highest level in 13 years.The Bank of England has issued a stark warning to British people that the economy is at risk of slipping into a recession as it raised interest rates to 1%.The central bank’s hike – by a quarter of a percentage point – means the base  rate is at […]

today5 May 2022 1

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