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What the new interest rates mean for the City: 'The UK fares worse than the EU and US'

Summary by Ground News
Bank of England set to make history today by raising interest rates by record 50bps. Brits face immediate jump in interest payments of �1.67bn. Andrew Bailey hits back at Suella Braverman saying Bank of England did not raise rates too late. NatWest ups dividends as profits surge on the back of interest rate hikes.

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What the new interest rates mean for the City: 'The UK fares worse than the EU and US'

The Bank of England’s decision to further raise interest rates from 1.25 per cent to 1.75 per cent and its two-year predictions means bad news for

·London, United Kingdom
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City AM broke the news in London, United Kingdom on Tuesday, August 9, 2022.
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