The Bank of England plans the social counter-revolution

The Bank of England plans the social counter-revolution

The Bank of England (BoE) raised interest rates by 0.5 percentage point to 1.75, the biggest rise in 27 years. She did so as the UK is about to enter a long period of recession and will drive up unemployment and social hardship for millions. The Bank of England’s Monetary Policy Committee (MPC) announced its …

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