Cost of living: Interest rates raised by 0.25% after surprise leap in February inflation

The interest rate rise follows a surprise jump in inflation last month to 10.4%, pushed up by salad and vegetable shortages.

Thursday 23 March 2023 14:18, UK

The Bank of England no longer believes the UK will face a technical recession this year, as it raised the interest rate from 4% to 4.25%.
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