Economy

Economy

• Bank's recession warning matters to everyone

  Times are already hard but the Bank of England says they'll get worse and stay that way until late 2023

• Why Australia will work harder to build ties with Indonesia

  .

• Bank of England governor defends rate hike ahead of looming recession

  Bank of England governor Andrew Bailey warns price rises would be long-term if Bank did not act.

• Bank of England warns the UK will fall into recession this year

  The Bank of England raises rates as it warns inflation will rise over 13% and the UK faces a long recession.

• Oil output to see small hike to ease energy prices

  Opec+ members will pump an extra 100,000 barrels a day in September, an amount some say is "meaningless".