Bank of England Raises UK Interest Rates
The UK interest rate has risen to 0.75%, its highest level since March 2009.
The UK interest rate has risen to 0.75%, its highest level since March 2009. Freya Beamish is an economist at Pantheon Economics, and considers the potential economic impact. Also in the programme, a political spat between Turkey and the US has led to sanctions on two Turkish ministers. Marcus Chenevix is a Middle East analyst at TS Lombard and explains the effect the row is having on Turkey's currency. There are reports that Google may be considering a launch of a censored service for use in China. Wayne Ma of website The Information tells us how such a search engine might work. We have a report from Uganda on the impact a new tax on the use of some social media apps is having in the country. Plus, as new research in the UK indicates that we check our smartphones on average every 12 minutes, Elle Boag, a social psychologist at Birmingham City University, discusses the impact on our mental health.
(Picture: The Bank of England. Picture credit: Reuters.)