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UK prepares for recession amid rising interest rates

Written By Channel 4 News on Friday, May 26, 2023 | 03:08 PM

 
Owning a home is getting more expensive as lenders begin putting up mortgage rates, spooked by stubbornly high inflation figures. (Subscribe: https://bit.ly/C4_News_Subscribe) 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. ----------------------- Follow us: Facebook - https://www.facebook.com/Channel4News/ Twitter - https://twitter.com/Channel4News TikTok - https://www.tiktok.com/@c4news Instagram - https://www.instagram.com/channel4news/

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