The Caithness Business Index has posted the following article:

Bank Upgrades Britain's Short-term Economic Outlook, But Places Country In Deepest Long-term Stagnation Since The Interwar Years

[IMG][/IMG] The Bank of England upgraded its economic outlook for the UK in 2023 as it increased interest rates for the tenth successive time to 4 per cent, but also showed that the UK is in the midst of the weakest 20-year period of growth since 1938, the Resolution Foundation said on Thursday 2 February 2023. The Bank of England raised interest rates to 4 per cent - their highest level in 14 years – but said this may be as high as interest rates go, hinting that market expectations of a rise to 4.5 per cent by the middle of next year are overdone. [Read Full Article]