#Breaking: Prof #MartinWeale answers why the #rate in the #UK is higher than elsewhere.

'Why are UK interest rates higher than some parts of the world?'

"It may be because of the effects of Brexit," says Prof Martin Weale, but adds the economy has largely recovered from the "nasty experience" of Kwarteng's mini-budget.https://t.co/yiDU6iEO2i

📺 Sky 501 pic.twitter.com/2QtzEbfij3

— Sky News (@SkyNews) May 11, 2023

Source: Twitter