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The governor of the bank of england warned that the uk economy may already be in recession. it follows the announcement yesterday by the us federal reserve that rates there were rising by 0.75%. our economics editor faisal islam has the details. so the bank of england today have once again put up rates, another half a percentage point to 2.25%. it's back up to levels not seen since 2008, affecting the price of loans across the economy. it is now a decisive break with an era of extremely low rates that had lasted since the financial crisis and was prolonged by the pandemic. the bank wants to pu...

Welcome back. the bank of england has today raised its base rate to the highest level since 2008 and the financial crash. the rate went up half a point to 2.25%, not as big as the market was expecting. and that's largely because the bank thinks the uk is already in recession. the governor'sjob is to maintain inflation at around 2%. the bank thinks it will peak in october at around ii%. on the bright side, that is lower than the extraordinary predictions we had earlier in the year that inflation might top ia or 15%. but it is a long, long way from 2%, which suggests rates will continue to rise....

Tonight at ten... interest rates rise to their highest level for 1h years as the bank of england warns the uk may already be in recession. interest rates now stand at 2.25%, adding pressure to household budgets across the uk. this evening we'll be looking ahead to the chancellor's so—called mini budget, which he is unveiling tomorrow. also on the programme... the russians fleeing their country to avoid president putin's partial mobilisation of military reservists to fight in ukraine. translation: when i refused to take the call-up papers. — translation: when i refused to take the call-up p...

Hello and welcome to bbc news. our headlines today: the bank of england raises interest rates to a 1k year high of 2.25%. to tackle soaring prices as it predicts that the uk may already be in recession. more money for social care in england to help free up nhs beds, but critics say it is just thinking a ring around the edges. when you get to the detail of what she has an it really doesn't stand up she has an it really doesn't stand up to the challenge of what we are facing across health and social care. ministers lift their ban on fracking in england in a bid to increase energy production. but...

Hello, this is bbc news with martine croxall. the headlines: the bank of england has increased its basis rate of inflation by half a percentage point to 2.25% — its highest level for 1h years. ministers lift their ban on fracking in england in a bid to increase energy production — but critics are warning about environmental damage and a risk of earthquakes. a teenager is arrested after a 15—year—old boy was stabbed outside his school in huddersfield in west yorkshire. back home — five british captives who were held by russian—backed forces in ukraine arrive in the after being relea...