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Bank of England raises rates by 0.75%, largest rise in over three decades, taking base rates to 3%.
- central forecasts shows UK two months in to a 2 year recession, the longest (tho not deepest) continuous decline on record.
- inflation peak at 11%
- unemployment - 6.5%
The Monetary Policy Committee voted by a majority of 7-2 to increase #BankRate to 3%. Find out more in our #MonetaryPolicyReport: https://t.co/VWyskLufPC
We’re cutting Stamp Duty Land Tax which will help more people to move, promote residential investment and boost first-time ownership.
All alongside our housing supply reforms in today’s Growth Plan.
The Bank of England's Monetary Policy Committee has announced it will increase its base interest rate by 0.5 percentage points - from 1.75% to 2.25%
For more on this and other news visit https://t.co/NEDMP2uP6W
Jacob Rees-Mogg said Richter scale earthquakes of 2.5 and below happen “millions of times a year across the world” in his defence of fracking causing earthquakes
Following @lizpeaceCBE’s #HS2 piece we now have news of a decision. PM has announced an inquiry to give a go or no-go decision by end of year. @PropertyWeek https://t.co/Ob9JA79bIj