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News Fourty-seven: Bank of England warns the UK will fall into recession this year
The Bank of England has warned the UK will fall into recession as it raised interest rates by the most in 27 years. The economy is forecast to shrink in…
News One Hundred and Nine: London loses position as most valuable European stock market
Britain’s stock market has lost its position as Europe’s most-valued, with France taking the top spot, data shows. A weak pound, fears of recession in the UK and surging sales…
News Sixteen: Australia to lift electricity market suspension as prices ease
Australia’s energy market operator says it will lift its suspension of the country’s main wholesale electricity market as its power crisis eases. The restrictions will be temporarily lifted on Thursday…
News One Hundred and One: UK interest rates: How high could they go?
Interest rates are predicted to rise sharply on Thursday as the Bank of England continues to use its powers to tackle soaring prices. The Bank is expected to increase its…
News Fourty-nine: UK to receive shipment of Australian gas next week
The UK is expected to take delivery of a shipment of gas all the way from Australia next week, as the pressure on European energy supplies grows. The liquid natural…
News Eighty-nine: Pound rises and borrowing costs fall as chancellor moves to calm markets
The pound rose and government borrowing costs fell on Monday, as investors welcomed the announcement by Chancellor Jeremy Hunt of the reversal of most of the mini-budget tax measures. Sterling…