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#Breaking144 – The Bank of England has today raised interest rates by the most in 27 years, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top 13%.


“Reeling from a surge in energy prices caused by Russia’s invasion of Ukraine, the Bank of England’s Monetary Policy Committee voted 8-1 for a half percentage point rise in the Bank Rate to 1.75% – its highest level since late 2008 – from 1.25%.”

Published: Aug.04: 2022: https://bit.ly/3d2zWDB

By Ace Worldwide News Group

After 30 years of providing my services in Warwickshire in the United Kingdom. I am in the process of building a network of news sites in finance,business, property, social and healthcare under the name of "Ace News Group" together with providing goods and services through our sales and marketing news. I also have an organisation and fully fledged management consultancy agency. This provides contracts to enable people to provide their news, goods and services.

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