Bank of England Hikes Interest Rates to 4 Percent; Anger as Shell Profits Rocket to 115-Year High

The Bank of England raises interest rates to 4 percent, while predicting the coming recession to be shallower and shorter. Shell records its highest annual profits in its 115-year history, fuelling calls for a bigger windfall tax on energy companies. The government announces an inquiry into the Omagh car bombing, the biggest single attack during Northern Ireland's Troubles.