Channel 4 News
@channel4news·4.2M subscribers·26.4K videos
UK prepares for recession amid rising interest rates
Posted
May 26, 2023
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188,442
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as posted by the channelOwning a home is getting more expensive as lenders begin putting up mortgage rates, spooked by stubbornly high inflation figures.
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The Bank of England is under even more pressure to raise interest rates again in response, possibly as high as five-and-a-half per cent.
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