Bank of England (BoE) raised interest rates on Thursday (November 3), the most since 1989, to counteract the sky-high inflation. According to BoE, inflation is driving Britain into a recession that will endure until mid-2024.

Amid cost-of-living crisis, Bank of England hikes interest rates and warns UK faces two-year recession

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Amid cost-of-living crisis, Bank of England hikes interest rates and warns UK faces two-year recession