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
Like Switzerland, the small nation of Luxembourg at just 998 square miles is widely seen as one of the world’s banks.
Banking is by far the largest part of the economy at 30+% and it has a reputation as being a tax haven at the heart of Europe.
It was one of the founding members of the European Union with an economy that is very globalised.
Total Value:
£309 million / 0.06% of all UK Imports
Top 5 Imports are:
Total Value:
£559 million / 0.17% 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
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
The European Union hasn’t finished expanding, there are actually several countries who are in the process of joining right now! Any country who joins is
