Bank of England warns UK will enter recession: 'An uncomfortable situation'

The Bank of England governor has warned the UK will enter a recession later this year.
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The Bank has cut its growth forecast and predicts the economy could fall into recession from the October to December quarter. Andrew Bailey highlighted the recent hike in gas prices as one of the biggest contributors to rising inflation

Bank of England hikes interest rates and warns UK to enter recession with inflation to pass 13% – business live ► https://www.theguardian.com/business/live/2022/aug/04/bank-of-england-interest-rate-decision-andrew-bailey-inflation-stock-markets-business-live#top-of-blog

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