Things are looking pretty grim for the economy - but according to experts it's not as bad as first expected.
1. UK set for two-year recession
When a country is in recession, it's a sign that its economy is doing badly. A recession is when a country's economy shrinks for two three-month periods in a row. Previously, the Bank had expected the UK to fall into recession at the end of this year and said it would last for all of next year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bank of England expects UK to fall into longest ever recessionThe Bank of England raises interest rate to 3% from 2.25% as it warns UK faces a 'challenging' two-year slump.
Lire la suite »
Bank of England due to announce biggest interest rate rise since the 1980sThe Bank of England is expected to unveil the biggest interest rate rise since the 1980s on Thursday as it tries to control runaway inflation which is battering British households.
Lire la suite »
Bank of England hikes interest rates to highest for 14 yearsThe Bank warned that the UK could be on course for two years of uninterrupted recession.
Lire la suite »
Bank of England: Five things we now know about the UK economyThe Bank of England's outlook for the UK is grim, but some things might not be as bad as first expected.
Lire la suite »
Bank of England announces biggest interest rate rise in more than 30 yearsBREAKING: The Bank of England has unveiled the biggest interest rate rise in more than 30 years, which could see Homeowner's annual mortgage repayments go up by hundreds of pounds.
Lire la suite »