U.K. Economic Growth in 2021 Was Best Since World War II

The video discusses the UK's GDP growth of 7.5% in 2021, the highest since World War Two, highlighting the economic recovery from the pandemic. It notes the December contraction due to Omicron and restrictions, but Q4 still saw a 1% expansion. The Bank of England's interest rate hikes are anticipated, with a potential third consecutive increase in March.

What was the Bank of England's forecast for GDP growth in Q4 2021?

What is the significance of the potential March rate increase by the Bank of England?