Bank of England warns of 'longest recession' as interest rates rise to 3 per cent

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Bank of England warns of 'longest recession' as interest rates rise to 3 per cent
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The Bank of England has announced it is reasing interst rates by 0.75 percentage points to 3% - thw largest single hike since the 1980s.

faced calls to come to the Commons or give a press conference to explain how mortgage-holders will be helped following ahead of the hike in interest rates.

“He should either come to Parliament or hold a press conference to announce support for families facing mortgage bill rises worth hundreds of pounds a month.

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Bank of England raises interest rates by 0.75 percentage points\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
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