The Bank of England has raised interest rates to one per cent - their highest level since 2009 - as the UK's cost of living crisis is intensified by the war in Ukraine.
Announcing the move, Bank of England Governor Andrew Bailey said: "There were a range of views among members of the committee about the extent of tightening required … this reflects the narrow path we are navigating." Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
