Bank of England unveils biggest interest hike for three decades Posted on November 4, 2022 By Charlielikes The Bank of England has raised the base rate of interest by 0.75 percentage points to 3% – the single biggest increase in more than three decades – and said that the UK is already in recession. news Tags:bank, biggest, decades, england, for, hike, interest, news, of, three, topnews, trending, unveils