BRITAIN'S blue-chip firms lost over 1pc of their value in the wake of the Bank of England's surprise decision to increase interest rates by a quarter of a percentage point to 4.75pc.
The FTSE 100 index dropped from just over 5900 at 12pm today before steadying at around 5840 later in the afternoon. The Bank of England said that it raised rates in a bid to keep inflation in che...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here