The Bank of England has announced another rise in interest rstes
It will now cost 4.25 per cent to borrow money and is the 11th successive increase as the Bank attempts to control the rate of inflation which rose to 10.4 per cent earlier this week
Rates are now at their highest level since 2008.
The banks Monetary Committee voted by 7-2 to raise the rates
However the Bank also reveals it no longer expects the UK to face a technical recession this year and that inflation will fall even more sharply than expected
