The Bank of England has decided to keep interest rates at 4.5% as the U.K. faces economic uncertainties, including global trade tensions and signs of domestic stagnation. With inflation rising and growth forecasts slashed, what does this mean for consumers?
The UK economy unexpectedly shrank by 0.1% in January, raising concerns about future growth and the impact of rising business taxes and geopolitical uncertainties. With the Bank of England's interest rate cut signaling further economic challenges, experts weigh in on what this means for the nation.
