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we start here in the uk where the bank of england has given its bleakest forecast in recent memory a prolonged recession is on the way, starting this autumn and continuing all of next year and into 202a. if accurate, it would be the longest downturn for the uk economy since the financial criss in 2008. inflation is predicted to hit more than 13%, driven by the sharp rise in energy bills. and in an effort to rein in soaring prices, the bank has raised interest rates by the most in 27 years, piling more pressure on households. 0ur economics editor faisal islam reports. as the essentials, from fuel to food, continue to surge in price, with little sign of an end, hitting every household in the country, eventually the entire economy too will actually begin to shrink, a recession now predicted for britain. at the bank of england the governor presented the grim news with troubling charts, almost all heading in the wrong direction. gdp growth in the uk has slowed and the econ ....
up, all the bills have gone up. it s just really difficult. and all the food prices, the fuel prices. we ll be asking when we might hope for better economic news and what the two people vying to become prime minister might do to help. also on the programme. china releases images of the country s launch of ballistic missiles into waters around taiwan, in response to a senior us democrat visiting the island nation yesterday. the bbc should have done more to explore claims of sexual misconduct made against the former dj tim westwood says an internal review. and at the commonwealth games, geraint thomas suffers a bruising crash but still takes bronze in the men s cycling time trial. and coming up on the bbc news channel. we ll have the latest from the women s open at muirfield, where japan s hinako shibuno has impressed with a first round of 65. good evening. the bank of england has given a very downbeat assessment of the state of the economy warning that it will fall ....
a uk recession lasting until the end of next year the grim forecast from the bank of england as it announces the biggest interest rate increase, for nearly 30 years. and the indian adaptation of the hollywood classic forrest gump is released next week we talk to the bollywood superstar aamir khan. it kind of feels like a dream now because it s been such a journey and we ve come to the end, it s about to release any kind of feels unreal. it s six in the morning in singapore, and seven am in tokyo where japan is demanding an immediate end to china s military exercises around taiwan after five chinese missiles landed in the country s exclusive economic zone. beijing you ll remember is conducting live firing exercises in the sea around taiwan for the next several days, in response to a recent visit there by the senior us politician, nancy pelosi. tokyo has lodged a strong diplomatic protest and the white house has also condemned china s actions. the us national secu ....
to counteract rising prices. if we don t act inflation will become more embedded, it will get worse and we ll have to raise interest rates by more and we have to act to stop we ll be asking just how badly this is going to hit us, and what the two people vying might do to help. also on the programme. china releases images of the country s launch of ballistic missiles into waters around taiwan, in response to a senior us democrat visiting the island nation yesterday. in ukraine, we have a special report from the conflict in the south as ukrainian fighters look to regain the strategic city of kherson. brilliant from jack laugher. and at the commonwealth games, england s jack laugher wins a third successive gold in the one metre springboard final. and coming up on the bbc news channel, hinako shibuno leads the way after the first round of the women s open at muirfield, but scotland s louise duncan is hot on her heels, just two shots behind. good evening. the bank of engla ....
hospice. china launches several ballistic missiles into waters around taiwan following a senior us leader s divisive visit to the island. the bbc announces an independent review into the allegations surrounding tim westwood, and his conduct when he worked for the company. and how disposable face marks are affecting birdlife in 23 countries around the world. the bank of england has given a very downbeat assessment of the state of the economy, warning that it will fall into recession this year. it forecasts the economy will shrink in the final three months of 2022, and keep on drinking until the end of next year. inflation, the rate at which prices rise, which the bank forecasts will rise to over 13%, driven by the sharp rise in energy bills. in an effort to curb soaring prices, the bank of england raised interest rates by 0.5% to i.75%, the biggest in 27 years. our economic editor has this report. prices are inflating, interest rates are going up and the economy in gener ....