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August 5, 2022updated 07 Oct 2022 7:12am

News diary 8-14 August: New UK GDP figures, Kenyan election and 10 years since Austin Tice kidnapping

By Foresight News

A look ahead at the key events leading the news agenda next week, from the team at Foresight News.

That warning became a reality when the Bank of England raised interest rates to their highest levels in almost three decades and confirmed it eventually expects rates to peak at 13%. The bank also predicted that the UK would enter a five-quarter recession this year and said it would take “around two years” for inflation to then fall back to its 2% target. Whatever promises are made by the next Prime Minister, it’s clear that facing the coming crisis and finding a resolution to the cost of living struggles facing the country will be a formidable task for either contender. 

 

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