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August 10, 2022 7:54 am

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The Bank of England predicts a lengthy recession at the end of the year

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People wait at the Bank of England in London, Thursday, Aug. 4, 2022.

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Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.

(Image credit: Frank Augstein/AP)

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