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Added on the 23/02/2021 05:37:49 - Copyright : Wochit
Britain's unemployment rate unexpectedly rose for the first time since 2013 in the three months to May. Hayley Platt looks at the reasons why and the outlook for the UK economy.
The US Federal Reserve raises its benchmark lending rate to the highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead. SOUNDBITE
Flags are at half-mast on government and official buildings in central London after Buckingham Palace announced the death of Queen Elizabeth II at age 96. IMAGES
Governor Andrew Bailey announces that the Bank of England will raise interest rates by 0.5% to 1.75%, a hike unprecedented since the Bank gained independence in the 1990s, in a bid to tackle surging price rises. British inflation jumped to a four-decade high of 9.4 percent in June, worsening a cost-of-living crisis as workers' wages fail to keep pace. SOUNDBITE
The Federal Reserve raises the benchmark lending rate by a half percentage point in its ongoing effort to contain the highest inflation in four decades. SOUNDBITE
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