‘UK-specific shocks’ helped drive the country into recession – 14 high-interest reactions

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The Bank of England (BoE) has announced the biggest jump in the interest rate since the 80s, from 2.25% to 3% – very bad news for millions of people with certain types of mortgage or in the process of arranging borrowing.

It wasn’t the only bad news coming from the BoE. The UK is already in a recession that could slide into a depression if not handled properly. It’s a good job there’s a strong and stable government.

The Governor of the Bank of England admitted that, in a problematic global economy, there had been some ‘UK-specific shocks’.

He didn’t mention the B-word, and we don’t mean ‘budget’, but others did. Here’s how people reacted.

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Source: ThePoke