Interest Rates
The IMF says corporate profits are driving inflation in Europe – but UK economists think pay rises for workers are the problem.
Chancellor agrees plan with banks and building societies as soaring interest rates put household budgets under severe pressure.
Not everyone is convinced: "We basically have Kendall Roy as prime minister."
First things first: don't panic.
Industry bosses say we must not be "blase" about the economy: "Something has to change."
The Bank has just raised interest rates again by 0.5%, to a total of 4% – but the recession will be milder than expected.
Mortgage-owners and savers are set to be affected.
The Bank of England's latest statement is a big deal.
The Bank has just revealed the largest hike in interest rates for 33 years, predictions for a two-year recession and when inflation may fall.
The Bank's new forecast, combined with the highest inflation we've seen since the 1980s, is certainly bleak.