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Newspaper Headlines for 5 August 2022

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	8/5/2022: FRONT PAGE: BANKER WHO’S RUNNING OUT OF CREDIT THE Bank of England faced a ferocious backlash last night after admitting inflation will pass 13 per cent. Bank Governor Andrew Bailey was forced to deny he had been ‘asleep at the wheel’ as he warned that Britain faced a lengthy recession. Critics... Visit Daily Mail Web Site

	8/5/2022: Front Page: Bank raises rates and warns of 13% inflation Vladimir Putin’s invasion of Ukraine has left Britain on course for a recession lasting more than a year and inflation above 13%, the Bank of England has warned as it raised interest rates for a sixth successive time. Threadneedle Street said it had... Visit The Guardian Web Site

	8/4/2022: Front Page: Truss faces questions over ‘Fizz with Liz’ dinner Liz Truss is embroiled in fresh controversy after a leaked email left her facing questions over why she did not declare thousands of pounds spent on schmoozing Tory MPs in the run-up to her bid to succeed Boris Johnson. Around a dozen Conservative MPs... Visit The Independent Web Site

	8/5/2022: FRONT PAGE: RECESSION ON WAY... TIME TO BATTEN DOWN THE HATCHES BRITAIN faces a grim economic future as the Bank of England warned of a 15-month recession. The big squeeze got even worse after Bank Governor Andrew Bailey, pictured, raised interest rates to 1.75 per cent – and some experts forecast that they might... Visit Daily Express Web Site

	8/5/2022: FRONT PAGE: THE BAD NEWS.. We’re going into recession for over a year, inflation is heading for 15%, our mortgages will soar as interest rates rise, the lights are going off, our water is running out & now we face war with China AND GOOD NEWS.. Visit Daily Star Web Site

	8/5/2022: Front Page: Recession to cause record drop in income THE Bank of England has warned that households will suffer the biggest income squeeze on record as rising energy prices plunge the UK economy into a year-long recession. Andrew Bailey, the Bank’s Governor, said families faced a “very big” financial... Visit The Daily Telegraph Web Site

	Visit Daily Mirror Web Site

	8/4/2022: Front Page: ANOTHER GAS BILL ‘HAMMER BLOW’ FOR FAMILIES FAMILIES faced a new cost of living “hammer blow”on bills today after Ofgem said it would update the energy price cap every three months. The regulator confirmed that the maximum tariff companies can charge for gas and electric will be updated... Visit London Evening Standard Web Site

	8/5/2022: FRONT PAGE: MISSING IN ACTION PRIME Minister Boris Johnson and his Chancellor Nadhim Zahawi were labelled “shirkers” – for holidaying while Britain heads into recession. As the Bank of England warned of spiralling inflation, Johnson is reported to be on a belated honeymoon in... Visit Daily Record Web Site

	Visit The Herald Web Site

	Visit Financial Times Web Site

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