City braces for sharp hike in UK interest rates; Roubini predicts ‘long, ugly’ recession – as it happened

Money markets suggest the Bank of England could raise rates from 1.75% to 2.5% this week, and 3.75% by end of 2022, as policymakers try to get to grips with soaring inflation

The jump in demand for home insulation products hasn't protected Kingfisher's shares this morning.

They're down 5%, and on track for their worst day in almost two months, after the DIY chain reported sales and profits have dropped in the first half of the year.