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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. , , . ., , ....
Year. underthis understood the lessons of this year. under this strategy to put economic interests above all other interests no longer works and actually can be really hurting the german economic interests after all, so therefore we should never think that they are naive, but the problem is that germany cannot stop this economic tide out once and suddenly and that is the big issue economic ties. is the big issue economic ties. ~ ., is the big issue economic ties. ~ . ., ., ., ~ ties. we have heard that. thank ou ve ties. we have heard that. thank you very much- ties. we have heard that. thank you very much. carsten - ties. we have heard that. thank you very much. carsten brzeskil you very much. carsten brzeski froming. stay with us on bbc news. still to come: a pressing crisis. the cost of olive oil set to soar, with harvests shrivelled by europe s summer heatwave. we will be speaking to one of the industry s top producers. the israeli prime minister, yitzhak rabin, the archit ....
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. ....