Bank of England is set raise interest rates again triggering cost-of-living crisis
epa10781347 A general view shows the Bank of England headquarters in London, Britain, 02 August 2023. Britain's mortgage owners are bracing for a further increase in interest rates on 03 August. The Bank of England (BoE) is expected to raise interest rates by at least a quarter percent in a bid to bring down inflation. Britain's TUC (Trades Union Congress) meanwhile is calling for an end to what it says is 'reckless' interest rate increases that are 'leading to widespread job losses, leaving the country 'teetering on the brink of recession'. EPA/ANDY RAIN
