Ban for de facto director of African gold trading investment scam
The High Court has banned a de facto director for 14 years for helping defraud investors of £360,000.
READ MOREBank of England raises rates by most since 1995 despite recession's approach
The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother surging inflation on track to top 13%, even as it warned a long recession is coming.
Reeling from a surge in energy prices after Russia's invasion of Ukraine, the BoE's rate-setters voted 8-1 for a half percentage-point rise in Bank Rate to 1.75%, its highest since late 2008.
The big hike had been expected by most economists in a Reuters poll as central banks around the world scramble to contain soaring prices.
Read more at Reuters
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More businesses to go bust after today’s rate rise as £2bn is added to borrowing costs overnight
Businesses failing to consider cost of living payments
Only 1% of businesses have offered their employees a one-off cost of living payment despite inflation running rampant...
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Government stops short of more support for households despite putting...
Boris Johnson has stopped short of announcing fresh support for energy users to tame spiralling household bills,...
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