The UK's Central Bank has increased its interest rate by a quarter of a percent, a day after an unexpected increase in the country's inflation rate amounting to one of the highest levels in decades.

The UK economy has already entered a "protracted recession”, which is set to last until the end of next year.

Thousands of protestors from across England have converged on London, concerned about the future, amid the cost of living crisis, they are protesting against years of government inaction and a “Broken Britain.”

What went so wrong for Prime Minister Liz Truss and the so called Mini Budget and why are calls for her resignation getting louder by the minute?

The BoE on Thursday decided to increase the interest rate by 0.5 percentage points.

The Bank of England (BoE) is set to raise the interest rates by 0.5 percent, the greatest increase in almost 30 years, as it warns the UK will fall into recession by the end of the year.

​​​​​​​The UK economy is showing signs of stalling, as high inflation threatens a recession across the country, an industry watchdog survey has revealed.