EconomyRate rise amid cost-of-living crisis will leave many incredulous
The Bank of England raised interest rates by 0.25 percentage points to 4% as households face a second cost-of-living crisis in four years. The article says the move runs counter to the OBR’s outlook for lower inflation and weak wage-growth impetus, noting pressure on business margins and a looser labour market.
TThe Guardian★★★☆☆2026-11-05 13:10Original
Rate rise amid cost-of-living crisis will leave many incredulous
Economy