- NEWS Desk Global
BOE FLAGS RISK OF RECESSION
![](https://static.wixstatic.com/media/b98b07_2352754852514f7b85b69b10ce119bfd~mv2.jpg/v1/fill/w_147,h_83,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/b98b07_2352754852514f7b85b69b10ce119bfd~mv2.jpg)
The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates on Thursday to their highest since 2009, hiking by quarter of a percentage point to 1%.