Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency

Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency

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The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge in…

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