Govt insists vulnerable households given 'enormous' support

Video Credit: ODN
Published on August 4, 2022 - Duration: 04:02s

Govt insists vulnerable households given 'enormous' support

Business Minister Greg Hands insists the government has given "enormous" support for vulnerable households, as the Bank of England announces a 0.5 per cent growth in interest rates, its biggest hike since 1995.

He also claims Russia's invasion of Ukraine is to blame for soaring energy costs across most Western countries.

Report by Brooksl.

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Bank of England

Central bank of the United Kingdom
For some reason which no-one can quite remember, when economists talk about interest rates they invariably find themselves referring to species of birds.
Credit: Sky News - Published 1 week ago

The Bank of England interest rate has been kept at 5.25% for a fifth consecutive time, but says the prospects for a cut are "moving in the right direction".
Credit: Sky News - Published 1 week ago





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