Biggest recession in a century looming as BoE rises interest rates

It's the largest single rise in more than 30 years

Britain is facing its longest recession in a century. The Bank of England made the prediction as it raised the interest rate from 2.25% to 3%, it’ll hit hard on people with mortgages.

STV News has spoken to one first time buyer who’s been priced out of the property market after no longer being able to afford his offer.

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