UK central bank raises interest rate, warns of recession
By DW
07 August 2022 |
12:00 pm
The Bank of England has warned that Britain is facing a recession as it hiked its benchmark interest rate by 0.5%.
In this article
Related
9 Feb
The visit comes as Prime Minister Rishi Sunak said the UK will train Ukrainian pilots on "NATO-standard fighter jets.''
10 Feb
The proposed deal would be the largest in tech industry history, handing popular franchises Call of Duty, World of Warcraft and Candy Crash to Microsoft.
13 Feb
The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone.
27 Feb
Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen have jointly announced in-person talks, in London on Monday. This comes amid long-running post-Brexit negotiations on Northern Ireland.
5 Mar
The British prime minister rushed to Northern Ireland a day after his EU agreement to tout the country as "the world's most exciting economic zone." But he needs to convince the unionist DUP to back the agreement.
2 Mar
A Welsh jury found the couple guilty of manslaughter in the negligent death of their handicapped daughter. The teen was found dead on a pile of soiled beddings by shocked authorities in 2020.
9 Mar
Prize organizers said the architect sustained "connections between tradition and innovation." Chipperfield is known for the reconstruciton of old buildings while honoring their history and preserving the environment.
10 Mar
The professional services firm said rising childcare costs were pricing many women out of work. In 2021, childcare costs relative to average income were one of the highest among OECD countries, representing nearly a third of the income of a UK family on an average wage.
19 Mar
It was like an estranged couple agreeing to give themselves another chance. Announcing the "Windsor Framework" in late February, British Prime Minister Rishi Sunak and EU Commission President Ursula von der Leyen were emphatic that the UK and the EU are allies, trading partners and friends.
19 Mar
Talking Europe speaks to European Commission Vice-President Margaritis Schinas, whose wide-ranging portfolio covers migration and asylum, security issues, education and what the EU calls "promoting the European Way of Life", among other things. We focus on migration and the EU's efforts to rectify what Schinas calls a historic failure to build a cohesive asylum and migration policy.
19 Mar
Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges. The UK-Rwanda plan was agreed in April 2022, and was intended to send people seeking asylum or claiming refugee status in the UK processed and settled in Africa - but no one has yet made the trip.
1 Apr
The UK is the first new member and European country to join CPTPP, which is made up of 11 Pacific nations including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Latest
40 mins ago
Manchester City manager Pep Guardiola won the LMA Manager of the Year award for a third time on Tuesday. Voted by managers across all the divisions, Guardiola beat out competition from Mikel Arteta, Roberto De Zerbi, Eddie Howe, Vincent Kompany and Steven Schumacher to collect the Sir Alex Ferguson Trophy at the League Managers Association awards ceremony in London.
40 mins ago
Beyonce is spending "tens of thousands" of pounds on the services of London's best seamstresses, leaving other artists struggling to get help with their own tour wardrobes.
1 hour ago
During a farm-to-table tour of the occupied West Bank, Jerusalem and the Gaza Strip, five high-profile chefs of Palestinian heritage encountered a Palestinian cuisine often unfamiliar to foreigners more accustomed to news of conflict with Israel.
1 hour ago
Factory takeovers? Price controls? Food rations? What do European politicians mean when they stress — or dismiss — the need for a 'war economy'?
2 hours ago
Three Israeli soldiers and a member of Egypt's security forces have died in a fairly rare exchange of fire near the two countries' border, their militaries said. The countries said they were investigating together.