plus rising prices falling ratings. can president biden win the argument on the us economy with just days to go until the midterm elections? and a pressing crisis. the cost of olive oil set to soar with harvests shrivelled by europe s summer heatwave. hello. we start here in the uk which is now facing the longest recession since records began, a century ago. that was the bleak warning from the bank of england on thursday, as it raised interest rates to 3% to try to dampen down soaring inflation. the bank says the uk economy is already in recession, and could keep declining until the middle of 202a. the pound slumped on the news to its lowest in more than two weeks. here s our economics editor faisal islam. the end of a decade and a half of ultralow interest rates was always going to be difficult, but dealing in mortgages has in recent weeks felt more like the stock market than the housing market. , , stock market than the housing market. , , . ., , market
Could he be so stupid . The line went dead and he did not contact us again. Not for another three weeks. We will have an interview with the pa rents we will have an interview with the parents about the last time they spoke to their son. Will the government stand firm on its Spending Plans when their legislative programme is debated in the commons again today . We are live until 11, as we are each weekday morning. The question today is it time to relax their pay cap on firefighters, teachers, nurses and eve ryo ne firefighters, teachers, nurses and Everyone Else who works in the Public Sector . If youre affected by the pay cap which was debated in the commons last night, and there was a movement to try to get that lifted but it was defeated, if you want to see that happen, do let me know how you think it should be paid for. It is expected that the retired Appeal Courtjudge, sir martin it is expected that the retired appeal court judge, sir Martin Moore Bick, will be appointed to lead th
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