Good evening. Our main story this evening is the dreadful disasterous news that have been

by the Bank of England yesterday. The oncoming recession which they have forecast is going

to dwarf all other stories essentially when it comes to British politics over the next

year, potentially over the next two years. We are also, though, going to find time for

some other stories. Rishisunak made a dreadful statement on the campaign really showing

us the true meaning of conservatism and we're closing the show with a clip about Alex Jones

which you won't want to miss. A very entertaining story there, although, you know, with a

pretty dark context. The Bank of England has forecast the UK faces 15 months of recession,

matching the length of the downturn which followed the 2008 global financial crisis. They say the

economy will shrink by 2.1% mirroring the recession of the early 90s and most punishes of all,

they project real incomes to fall continuously for a fall to years. We'd be the most drawn-out

contraction since records began. It's in these circumstances that one might expect a central

bank to cut interest rates so as to boost demand, but instead the bank raised rates by the single

biggest jump since the 1990s. Interest rates have gone from 1.25% to 1.75%. The bank says the

increase is necessary to get a handle on inflation, which thanks to increases in fuel prices,

they project could increase to 13.3% this year. In an interview with Skyderbank's governor

explained how they came to their rate raising decision. If we don't get inflation under control,

if we don't bring it down from where I'm afraid it's got to go up to because of, I say,

of these huge energy shock that we're having. If we don't bring it down, then the damage and

the distress will be even greater. The main pressure is external gas prices. Everyone understands

that. Is it really the case that you need to tighten the screw at home? Are you sure about that

judgment? You're right that the main pressure is external. That's going to feed for

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