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Daily Record
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Current mess and predicted 'two-year recession' all the fault of the Tories

Recession Bank of England ​​Rishi Sunak Interest Rates

The Bank of England is not known for making exaggerated statements to grab attention for the sake of it.

When it makes predictions on the future of the UK’s economy, people sit up and takes notice. The central bank delivered a double whammy yesterday.

First it imposed the single biggest hike in interest rates since 1989 in an attempt to bring soaring inflation under control. And then it warned the UK is facing a “very challenging” two-year recession.

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