275% increase in electricity rates in Sri Lanka

PNP DeskFebruary 16, 2023September 10, 202403 mins

File photo Electricity rates in Sri Lanka were increased by 275%, adding to the hardships of the people. Speaking to reporters, the Sri Lankan Energy Minister said that electricity charges had to be increased again as per the IMF conditions. He said that they cannot get handouts from the treasury to maintain electricity prices. The…

The Bank of England raised interest rates from 3.5% to 4%

PNP DeskFebruary 2, 2023September 9, 202402 mins

The Bank of England has raised the interest rate from 3.5% to 4%. According to media reports, the interest rate in the UK has reached a 14-year high. According to experts, the interest rate will go up to 4.5 percent in the summer. According to media reports, tracker mortgage customers will have to pay £49…