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Transcripts For BBCNEWS World Business Report 20240707

plus rising prices falling ratings. can president biden win the argument on the us economy with just days to go until the midterm elections? and a pressing crisis. the cost of olive oil set to soar with harvests shrivelled by europe s summer heatwave. hello. we start here in the uk which is now facing the longest recession since records began, a century ago. that was the bleak warning from the bank of england on thursday, as it raised interest rates to 3% to try to dampen down soaring inflation. the bank says the uk economy is already in recession, and could keep declining until the middle of 202a. the pound slumped on the news to its lowest in more than two weeks. here s our economics editor faisal islam. the end of a decade and a half of ultralow interest rates was always going to be difficult, but dealing in mortgages has in recent weeks felt more like the stock market than the housing market. , , stock market than the housing market. , , . ., , market

When will olive oil prices normalise?

Money blog: Fashion brand to charge up to £8 99 for returns; millions of Nationwide customers to get £100 payments

Money blog: Fashion brand to charge up to £8 99 for returns; millions of Nationwide customers to get £100 payments
sky.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sky.com Daily Mail and Mail on Sunday newspapers.

Tesco, Asda and Morrisons shoppers warned as basic item rockets in price

Tesco, Asda and Morrisons shoppers warned as basic item rockets in price
liverpoolecho.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from liverpoolecho.co.uk Daily Mail and Mail on Sunday newspapers.

Tesco and Waitrose shoppers who buy olive oil or sugar warned

Tesco and Waitrose shoppers who buy olive oil or sugar warned
birminghammail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from birminghammail.co.uk Daily Mail and Mail on Sunday newspapers.

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