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The Bank of England’s monetary policy committee (MPC) has this lunchtime increased UK interest rates by 0.5%, taking rates to 2.25%. Five members of the MPC voted to increase interest rates by 0.5%, with three members favouring a 0.75% increase, and one member favouring a 0.25% increase. Before the meeting, there had been speculation, that… Read more »
New prime minister Liz Truss has this morning unveiled the government’s plans to tackle the energy price crisis that is afflicting the United Kingdom. Truss laid out her proposals as she opened a debate on UK Energy Costs in the House of Commons. At the centre of the government’s package is an ‘energy price guarantee’. … Read more »