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Raising interest rates to 5.25 per cent next year would knock nearly 5 per cent, or £114 billion, off the economy, the deputy governor of the Bank of England has warned.
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Economy set for 5% hit if interest rates spiral

Raising interest rates to 5.25 per cent next year would knock nearly 5 per cent, or £114 billion, off the economy, the deputy governor of the…

Liz Truss has announced she is resigning after 44 days in office, becoming the shortest-serving prime minister in British history.
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Liz Truss resigns as prime minister

Liz Truss has announced she is resigning after 44 days in office, becoming the shortest-serving prime minister in British history.