The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

Today’s figures confirm what the forecasters and the Bank of England have already predicted: the British economy is shrinking. GDP contracted by 0.2 per cent between July and September, as spiralling prices and energy bills impacted households and businesses.

We round up all six of the biggest financial announcements and changes expected over the next few months, including when interest rates and inflation will rise again and what to expect in the Autumn Statement

Chancellor warns of ‘tough road ahead’ as economy contracts by 0.2 per cent

GDP fell by 0.2% in the three months to September as services, production and construction industries all slowed down - and Jeremy Hunt warned of 'extremely difficult decisions' in the Autumn budget

The reading comes just a week after the Bank of England published a caveated forecast that the UK might be headed for an eight-quarter recession – the longest consecutive recession since reliable records began in the 1920s

Recession on way as the big slowdown hits growth

GDP fall of 0.2% for three months to September gives bleak picture in run-up to autumn statement

Cryptocurrency exchange FTX starts bankruptcy proceedings in US and Sam Bankman-Fried is resigning as chief executive officer

Chancellor warns of ‘extremely difficult decisions’ ahead