Boris Johnson tonight faced more calls to urgently tackle the cost of living crisis after the Bank of England warned Britain is now careering towards recession.
Governor Andrew Bailey painted the bleakest economic outlook since the 1980s with an announcement that could plunge millions more households into poverty.
He said Brits face a quadruple whammy of inflation surging to 10%, energy bills hitting nearly £3,000 a year, an interest rate rise from 0.75% to 1% and unemployment at 5.4%.
