Protesters gather outside Bank of England as interest rates rise for 14th time in a row

Protesters demonstrated outside the Bank of England on Thursday, 3 August, as interest rates rose for the 14th time in a row.

Campaigners from Positive Money staged the action to demand the government introduce a windfall tax on bank profits.

The Bank warned of “crystallising” risks which were pushing inflation upwards as it announced an increase in its base rate to 5.25 per cent from 5 per cent.

It said that it expects the government to meet its promise to halve inflation by the end of the year.