Economics / Markets

Govt needs to pay almost £30bn a year in 2023, 2024 and 2025

Consensus expectations of 9.8% were not met

MPC referenced 'large and volatile moves in global financial markets'

Bank of England rate hike expected as inflation rises

All eyes on Bank of England interest rate decision

Some of the most affected stocks were non-financials

Meeting prompted by tumultuous week for banks across the world

OBR also forecasts inflation set to fall to 2.9%

Chancellor set to receive a windfall to the tune of £30bn

Collapse is not an echo of 2008 - this time it is different