Original version

BBC World Service East Asia

Business Matters

Discussion & Talk

Factual: Money

Global business and finance news and discussion from the BBC

Global business and finance news and discussion from the BBC.

BBC World Service Australasia

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service Online

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service

BBC World Service South Asia

BBC World Service News Internet

BBC World Service Europe and the Middle East

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

Business Matters: Bank of England warns the UK will fall into recession this year

Bank of England warns the UK will fall into recession this year

05/08/2022 GMT

BBC World Service - Business Matters, Bank of England warns the UK will fall into recession this year

Bank of England governor warns interest rates may have to rise even higher

The Bank of England has warned the UK will fall into recession as it raised interest rates by the most in 27 years.

The economy is forecast to shrink in the last three months of this year and keep shrinking until the end of 2023.

Insurance companies in Australia say flood-prone areas might have to be abandoned because the risks are just too high.

A US court has ordered conspiracy theorist - Alex Jones to pay $4.1m in damages after falsely claiming the Sandy Hook school shooting in 2012 was a hoax.


(Governor Andrew Bailey says the alternative would be worse. Credit: Reuters)

Accessibility links

Programme Index

Business Matters

Bank of England warns the UK will fall into recession this year

Genres

Formats

Brand

BBC World Service East Asia

About BBC World Service