BoE Governor: Expect 13%+ Inflation and a Recession!
5th August 2022
The key update of the week is that the Bank of England has increased its interest rate by 0.5%, the largest increase since the Bank’s
Country Profile
The UK’s trading relationship with Germany is one of its most significant, it’s worth billions each year.
Reciprocal trade has been a huge part of both countries’ economic growth.
Total Value:
£53.7 billion / 11.24% of all UK Imports
Top 5 Imports are:
Total Value:
£29.5 billion / 9.17% of all UK Exports
Top 5 Exports are:
The key update of the week is that the Bank of England has increased its interest rate by 0.5%, the largest increase since the Bank’s
This week has been dominated by the fears of a looming recession following the release of key GDP and confidence data. Significant news was released
Unsurprisingly, inflation continues to be the topic of the moment with figures announced Wednesday showing US prices rising 9.1% in June compared to a year
