US rates went up by another 0.5% tonight, with the country’s inflation rate dropping but still high at 7.1%.
The UK’s inflation rate dipped by more than expected to 10.7% in November, figures from the Office for National Statistics revealed today.
Despite the fall from 11.1%, the rate remains near a 40-year high and the Bank of England is still expected to hike interest rates by another 0.5% tomorrow.
Compulsory liquidations in November 2022 rocketed to more than five times as many as last year and 7% were higher than in November 2019, new figures released today show, as small and medium-sized businesses feel the pressure of rising prices, higher interest rates and dwindling consumer demand.
