Interest rates rose another 0.5% to 4% today as the Bank of England continues the fight against inflation with its 10th increase in a row.
Governor Andrew Bailey also said that the UK’s expected recession will be shorter and shallower than forecast in November.
Meanwhile, Shell today reported a bigger-than-expected record profit of $39.9 billion (£32.1 billion) after soaring oil prices boosted its performance in 2022.
