#AceDailyNews says here’s todays Newspaper Headlines: Its all about the big squeeze and recession on the way and down south they implement a hosepipe ban and water restrictions Kindness & Love XX says 🙏🙏’s for the lies to stop before its too late Amen
The stark warning of recession from the Bank of England features on all the front pages.
Its economics editor writes that the Bank of England “unleashed a catastrophic set of forecasts that would have been scarcely believable a year ago”. “Get used to the grim new reality” is the advice.
It comments that after 12 years of Conservative-led governments, the economic record of the party has been distinctly underwhelming.
The paper suggests the party must be honest about the enormity of the challenge ahead and the consequences of persisting with a failed status quo.
The Daily Mail warns the Bank is facing a ferocious backlash – with critics saying Bank officials should “rue the day” they decided not to raise interest rates last year.
Under the headline, “Banker who’s running out of credit” the paper says Bank Governor Andrew Bailey was “forced to deny he was asleep at the wheel”.
The paper’s city editor questions whether, in choppy seas, the Bank has the right captain.
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