Britain will enter a year-long recession by Christmas, The Independent writes.
The i leads on the latest Bank of England announcement, with the Bank predicting a UK recession will start this winter and last until 2024.
“Britain slides into crisis”, writes The Times, after the Bank of England’s chief warned of a long recession in the UK.
According to the Daily Mail, the Bank of England’s governor, Andrew Bailey, was forced to deny that he has been “asleep at the wheel” amid a backlash after announcing that the UK is on the brink of recession.
The Daily Telegraph
The Daily Telegraph also leads on the Bank of England’s warning that the UK faces a recession.
The Bank of England has raised interest rates for the sixth consecutive time, The Guardian writes.
According to The Sun, Love Island winner Kem Cetinay was involved in a fatal road traffic accident, which left a biker dead.
Prime Minister Boris Johnson is going on a delayed honeymoon and Nadhim Zahawi is on a family holiday, while interest rates soar, the Daily Mirror writes.
The Metro also lead on the Bank of England’s announcement.
The Daily Express focuses on news that a recession is on the horizon.
With inflation and interest rates soaring, the Daily Star leads on news that the Premier League will return on Friday, with Arsenal opening the season against Crystal Palace.
The Bank of England has warned of a long recession as interest rates rise by half a percentage point, the Financial Times writes.