Edited By WION Video Desk
Published: Jul 26, 2024, 05:10 IST | Updated: Jul 26, 2024, 05:10 IST
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World Business Watch Jul 26, 2024, 05:10 IST
Cost high interest rates UK
Now, we delve into data which shows more people in the UK were pushed into poverty from rate hikes. According to the institute for fiscal studies, the move by the bank of England (BOE) to hike borrowing costs to the highest level in 16 years has pushed 320,000 more people into poverty.
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