The Bank has cut its growth forecast and predicts the economy could fall into recession from the October to December quarter.
Source: https://www.bbc.co.uk/news/business-62405037?at_medium=RSS&at_campaign=KARANGA
The Bank of England raises rates as it warns inflation will rise over 13% and the UK faces a long recession.
Source: https://www.theguardian.com/business/video/2022/aug/04/uncomfortable-situation-bank-of-england-warns-uk-enter-recession-video
Summary automatically generated by NewSUM A.I. from the following sources:
