Bank of England hikes interest rates and warns UK to enter recession with inflation to pass 13% – as it happened

Interest rates rise to 1.75% - the biggest jump in 27 years - as BoE warns UK faces long recession as high gas prices hit households

UK car sales have continued to fall, as the cost of living squeeze hits demand and computer ship shortages constrain supply.

Nnew car registrations fell by 9% in July compared with a year ago, the Society of Motor Manufacturers and Traders (SMMT) reports. It's the fifth monthly decline in a row