BoE hikes rates, warns of recession; SpaceX debris in Oz
BoE governor warns coming UK recession will be largest downturn since 2008.
A local farmer with space junk from an Elon Musk SpaceX craft.
Hurrah for Friday! Here’s a wrap of the top business and politics news that happened overnight around the world.
The Bank of England has warned the UK it will fall into recession – and it will be the longest downturn since 2008, when its banking system came close to collapse.
The dire warning
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