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The Latest Breaking News from Recession

Current mess and predicted 'two-year recession' all the fault of the Tories

It is time for people to sit up and take notice after the Bank of England imposes hike in interest rates, says Record View.

Daily Record

Qantas investors back Alan Joyce multi-million-dollar bonus, ASX gains after weak start

Qantas shareholders support big bonuses for executives including boss Alan Joyce, ASX regains lost ground, the Bank of England raises rates by the most in more than three decades.

ABC News

Investors: Wake Up and Smell the Pain (Part 2)

How funny it was to see traders get it wrong once again. They misread the Fed announcement at 2pm ET leading to a big 1% rally for the S&P 500 (SPY). Within minutes of Chairman Powell speaking it dawned on every body that things have not gotten better...only worse. And…

StockNews.com

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Everything you need to know about today's Bank of England warning

The Bank of England have announced today that the UK is facing its longest recession since the 1920s, but what does that actually mean?

Liverpool Echo

Five Ways To Save Money In A Recession

The economy and a recession are at the forefront of voters’ minds as the U.S. heads into the midterm elections in a few days. Most voters think the U.S.

Benzinga

Bank of England warns of longest recession in 100 years as it raises rates to 3%

UK economy faces ‘very challenging outlook’ with recession now expected to last until middle of 2024

The Guardian - UK

3 Fintech Stocks to Avoid Until Further Notice

While the pandemic brought massive growth opportunities for the fintech industry as digital transactions skyrocketed, the current uncertain macroeconomic environment has dampened the industry’s prospects. The stock market is expected to remain under pressure amid growing fears of recession. Therefore, it could be wise for investors to avoid fundamentally weak…

StockNews.com

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Britain facing ‘prolonged pain’ as Bank says recession could stretch into 2024 OLD

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

The Independent UK

It may sound paradoxical, but Britain needs to spend its way out of recession

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

The Guardian - UK

5 High-Quality Stocks to Buy When There’s Blood on Wall Street

Although the pace of rate hikes could slow, as hinted in the latest Fed statements, a recession still seems imminent. Amid the uncertainties, investors could consider buying high-quality stocks PepsiCo (PEP), United Parcel Service (UPS), Altria Group (MO), Waste Management (WM), and Sprouts Farmers Market (SFM). Keep reading….

StockNews.com

What is a recession – explanation in full amid Bank of England warning

As the UK faces its longest recession since the 1920s, we explain what that actually means

Manchester Evening News

Biggest interest rate rise in decades as the Bank of England predicts longest-ever recession

Property price chat, Tube delays, torrential rain – this morning doled out a full house of London bingo. And then the Bank of England said ‘hold my £8.50 beer’.

Evening Standard

Bank of England delivers biggest interest rate hike in 33 years

Central bank raises key rate to 3 percent, warns UK economy is in a recession that could last two years.

Al Jazeera

Deeper US recession looms as resilient labor market spurs Fed

The odds of a U.S. recession are rising. And the chances it will be mild are falling.

Tribune News Service

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Bangkok Post

BoE: Britain faces two-year recession

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989, but it pushed back against expectations for further steep hikes, saying Britain faces a painful recession that could last two years.

Birmingham Post

With interest rates at 3% and fears of longest recession in 100 years, PM urged to get business basics right

Chamber boss: 'Investment intentions... are lagging significantly due to the low confidence affecting many firms right now'

Manchester Evening News

UK faces longest recession since records began, Bank of England warns

Interest rates have been hiked for the eighth time in a row

Evening Standard

UK heading for longest recession in modern history, Bank of England warns

Britain is heading for its longest recession in modern history with no recovery until summer 2024 the Bank of England warned on Thursday.

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ABC News

Treasurer Jim Chalmers plays down recession fears on Q+A as energy costs and inflation continue to rise

Treasurer Jim Chalmers tells ABC's Q+A that he intends to tackle the rising cost of power prices by Christmas as he defends the budget and plays down the fears of Australians about a recession.

Daily Mirror

UK is heading for longest recession in a century, Bank of England warns

The Bank of England issued a gloomy warning about the future of the British economy as it hiked interest rates to 3%, the biggest single rate rise in three decades

The Independent UK

Pound falls after Bank of England hikes interest rates

Sterling drops 1.4% against US dollar after decision-makers warn of longest recession on record

The Independent UK

UK headed for longest recession in century, says Bank of England

Recession could last well into 2024, says central bank as interest rates hiked

Wales Online

UK could be facing longest recession since records began as interest rates go up

Homeowners are set to face the biggest single shock on their mortgage bills since the 1980s as the Bank of England hiked interest rates for the eighth time in a row. The Bank’s base rate will rise to 3% from 2.25%, its highest for 14 years

The National (Scotland)

Interest rate rises again as Bank of England warns of longest recession on record

INTEREST rates have risen to 3 per cent as the Bank of England announced the biggest hike for three decades.

The Independent UK

Bank of England confirms biggest interest rate hike since 1980s

The UK could be facing the longest period of recession since reliable records began

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