BBCNEWS World July 2, 2024
britain's ecomomy is expected to have gone into reverse — shrinking by 0.1%. and if that continues for the rest of the year — two quarters of negative growth — that would constitute a recession. the bank of england has raised the cost of borrowing to a 15—year high, to try to rein in soaring prices, and that's weighing heavily on many businesses and households. on thursday, official data showed a steep jump in the number of people falling behind on mortgage payments. our cost—of—living correspondent, colletta smith, reports. good morning, donna speaking, how may i help? w...
Source: archive.org