Thursday, 5 November 2026

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Business

Interest rate rise in midst of cost of living crisis will leave many incredulous

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growthBank of England raises interest rates to 4%Business live – latest updatesAn interest rate rise by the Bank of England to 4% is a big call when households are suffering from a second cost of living crisis in four years.Many…

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growthBank of England raises interest rates to 4%Business live – latest updatesAn interest rate rise by the Bank of England to 4% is a big call when households are suffering from a second cost of living crisis in four years.Many…

Read the full story on Business | The Guardian

Source: Business | The Guardian

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