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    SNP Government accused of failing to rule out 12% rise in water charges

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

    Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

    Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

    Bank of England warns of recession in UK as interest rates hiked to 1%

    Bank of England warns of recession in UK as interest rates hiked to 1%

    SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

    SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

    SNP miss out on Russian sanctions list as 287 MPs banned from entering country

    SNP miss out on Russian sanctions list as 287 MPs banned from entering country

    Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

    Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

    Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

    Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

    Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

    Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

    Tory MP guilty of sexually assaulting 15-year-old boy at party

    Tory MP guilty of sexually assaulting 15-year-old boy at party

    Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

    Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

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      Knowing The Debt Collection Practices

      Sector growth slows as rising inflation weighs on demand

      Sector growth slows as rising inflation weighs on demand

      Scottish job growth eases to four-month low in April

      Scottish job growth eases to four-month low in April

      Scottish insolvencies hold steady as compounding crises raise pressure

      Scottish insolvencies hold steady as compounding crises raise pressure

      Recovery in Scottish business optimism dampened by rising costs

      Recovery in Scottish business optimism dampened by rising costs

      Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

      Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

    • Sports
      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

      What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

      What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

      Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

      Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

      Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

      Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

      Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

      Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

      Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

      Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

      Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

      Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

      Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

      Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

      Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

      Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

      Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

      Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

      Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

      Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

      Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

      Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

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        Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

        Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

        Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

        Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

        Facebook to axe a number of location-tracking features from app later this month

        Facebook to axe a number of location-tracking features from app later this month

        Urgent WhatsApp warning as users told to delete scam text immediately

        Urgent WhatsApp warning as users told to delete scam text immediately

        Simple household job could make you up to £600 in a matter of minutes

        Simple household job could make you up to £600 in a matter of minutes

      • Health
        ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

        ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

        Dementia experts share six ways to reduce risks of condition ‘by a third’

        Dementia experts share six ways to reduce risks of condition ‘by a third’

        Cleaning your ears without cotton buds – the three safest methods

        Cleaning your ears without cotton buds – the three safest methods

        Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

        Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

        Breakthrough cancer study finds big ‘clues’ about how disease is caused

        Breakthrough cancer study finds big ‘clues’ about how disease is caused

      • Entertainment
        N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

        N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

        How to Decorate Your Room With Leather Furniture

        How to Decorate Your Room With Leather Furniture

        How-To-Pick-The-Best-Pair-of-Lace-Up-Boots

        How To Find The Perfect Pair of Boots?

        Telltale lung cancer sign in your fingertips that could lead to early diagnosis

        Telltale lung cancer sign in your fingertips that could lead to early diagnosis

        Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

        Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

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        How To Find a Good Illustrator?

        Many primary heads ‘would have preferred to delay Wales’ new curriculum’

        Many primary heads ‘would have preferred to delay Wales’ new curriculum’

        Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

        Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

        ‘Makaton sign language helps my teenager tell me how he’s feeling’

        ‘Makaton sign language helps my teenager tell me how he’s feeling’

        My seven year-old has never spent a whole day at school and cannot read and write

        My seven year-old has never spent a whole day at school and cannot read and write

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      • Politics
        SNP Government accused of failing to rule out 12% rise in water charges

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

        Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

        Bank of England warns of recession in UK as interest rates hiked to 1%

        Bank of England warns of recession in UK as interest rates hiked to 1%

        SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

        SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

        SNP miss out on Russian sanctions list as 287 MPs banned from entering country

        SNP miss out on Russian sanctions list as 287 MPs banned from entering country

        Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

        Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

        Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

        Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

        Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

        Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

        Tory MP guilty of sexually assaulting 15-year-old boy at party

        Tory MP guilty of sexually assaulting 15-year-old boy at party

        Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

        Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

        Trending Tags

        • Business

          Knowing The Debt Collection Practices

          Sector growth slows as rising inflation weighs on demand

          Sector growth slows as rising inflation weighs on demand

          Scottish job growth eases to four-month low in April

          Scottish job growth eases to four-month low in April

          Scottish insolvencies hold steady as compounding crises raise pressure

          Scottish insolvencies hold steady as compounding crises raise pressure

          Recovery in Scottish business optimism dampened by rising costs

          Recovery in Scottish business optimism dampened by rising costs

          Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

          Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

        • Sports
          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

          What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

          Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

          Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

          Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

          Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

          Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

          Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

          Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

          Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

          Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

          Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

          Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

          Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

          Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

          Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

          Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

          Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

          Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

          Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

          Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

          Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

          Trending Tags

          • Technology
            Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

            Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

            Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

            Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

            Facebook to axe a number of location-tracking features from app later this month

            Facebook to axe a number of location-tracking features from app later this month

            Urgent WhatsApp warning as users told to delete scam text immediately

            Urgent WhatsApp warning as users told to delete scam text immediately

            Simple household job could make you up to £600 in a matter of minutes

            Simple household job could make you up to £600 in a matter of minutes

          • Health
            ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

            ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

            Dementia experts share six ways to reduce risks of condition ‘by a third’

            Dementia experts share six ways to reduce risks of condition ‘by a third’

            Cleaning your ears without cotton buds – the three safest methods

            Cleaning your ears without cotton buds – the three safest methods

            Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

            Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

            Breakthrough cancer study finds big ‘clues’ about how disease is caused

            Breakthrough cancer study finds big ‘clues’ about how disease is caused

          • Entertainment
            N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

            N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

            How to Decorate Your Room With Leather Furniture

            How to Decorate Your Room With Leather Furniture

            How-To-Pick-The-Best-Pair-of-Lace-Up-Boots

            How To Find The Perfect Pair of Boots?

            Telltale lung cancer sign in your fingertips that could lead to early diagnosis

            Telltale lung cancer sign in your fingertips that could lead to early diagnosis

            Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

            Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

          • Life Style
          • Travel
          • Education

            How To Find a Good Illustrator?

            Many primary heads ‘would have preferred to delay Wales’ new curriculum’

            Many primary heads ‘would have preferred to delay Wales’ new curriculum’

            Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

            Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

            ‘Makaton sign language helps my teenager tell me how he’s feeling’

            ‘Makaton sign language helps my teenager tell me how he’s feeling’

            My seven year-old has never spent a whole day at school and cannot read and write

            My seven year-old has never spent a whole day at school and cannot read and write

          • Real Estate
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          Bank of England warns of recession in UK as interest rates hiked to 1%

          May 5, 2022
          in Politics
          Reading Time:15min read
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          RELATED STORIES

          SNP Government accused of failing to rule out 12% rise in water charges

          SNP Government accused of failing to rule out 12% rise in water charges

          May 21, 2022
          SNP and Greens in Edinburgh council coalition talks as historic deal looms

          SNP and Greens in Edinburgh council coalition talks as historic deal looms

          May 17, 2022
          Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

          Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

          May 13, 2022



          The Bank of England has hiked interest rates to one per cent and issued a dire warning that the UK will be on the verge of a recession later this year.

          In the grim set of forecasts the Bank predicted that the economy will go into reverse and that inflation will peak at more than 10 per cent, adding to the cost of living crisis many are already feeling.

          The effects of the Ukraine war and the crippling rise in energy prices are cited as factors that will push the economy into negative growth.

          Financial markets predict interest rates will reach 2.5 per cent by the middle of next year as policymakers battle to contain inflation adding to the pain for mortgage payers and business loans.

          Read More
          Related Articles

          Members of the Bank’s nine-strong Monetary Policy Committee voted 6-3 to increase rates from 0.75 per cent to one per cent – the fourth time they have voted for a rise in a row and taking rates to a level not seen since 2009.

          Three members called for a bigger increase to 1.25 per cent due to worries over rocketing inflation.

          The Bank ramped up its forecast for Consumer Prices Index (CPI) inflation to rise from seven per cent currently to over ten per cent in October – its highest level for 40 years – due to soaring energy prices.

          The Bank predicts growth will contract in the final three months of 2022 as the cost squeeze sees households rein in their spending.

          The UK is set to narrowly miss a technical recession, as defined by two quarters in a row of falling gross domestic product (GDP), but the Bank forecasts very weak quarterly growth in 2023 and a contraction as a whole next year.

          Sky-high inflation will see household disposable income plunge by 1.75 per cent this year – the second highest on record – while overall real income will tumble by an unprecedented 3.25 per cent.

          Rising costs will hammer household and business finances, but the Bank said “this was something monetary policy was unable to prevent”.

          Most of the Bank’s policymakers believe “some degree of further tightening in monetary policy might still be appropriate in the coming months”, the Bank added.

          Read More
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