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Amid escalating interest rates, UK readies for recession

Owning a home is getting more expensive as lenders begin putting up mortgage rates, spooked by stubbornly high inflation figures. (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 - Twitter - TikTok - Instagram - ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The UK economy has been one of the strongest in Europe over the last decade. However, recent economic indicators suggest that the country is preparing for a recession amid rising interest rates. Interest rates in the UK have remained at historic lows since the financial crisis in 2008. However, the Bank of England increased the base rate in August 2018 for the first time in a decade from 0.5% to 0.75%. This move was made to control infla...