The Bank of England should not wait any longer and take action. Now is the time to cut interest rates and slash the price of borrowing. Many Britons have been saddled with hiked mortgages thanks to the central bank’s decision-making as of late and they should not have to suffer any longer. Why did the Bank of England raise interest rates? After the Covid-19 pandemic, inflation in Britain and across the world skyrocketed with the prices of everyday goods and services rising in tandem. In response, the Bank’s Monetary Policy Committee (MPC) opted to raise the nation’s base rate in an attempt to …
