Jeremy Hunt says families 'at the top of our mind' as BoE increases interest rates
The Bank warned that the UK economy could face a protracted contraction in the coming years, with high inflation and the unemployment rate climbing to 6.5% - the highest since the financial crisis.
Thursday 3 November 2022 14:09, UK
Chancellor Jeremy Hunt said interest rate hike will be 'very tough' for people, adding that 'a third of the world's economy is now in recession'.