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The National (Scotland)
The National (Scotland)
National
Steph Brawn

Interest rate rises again as Bank of England warns of longest recession on record

Bank of England Recession

INTEREST rates have risen to 3% as the Bank of England announced the biggest hike for three decades.

The rate rose by 0.75 percentage points to a fresh 14-year high, as the Bank attempts to tame runaway inflation.

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