Felixstowe port workers to strike after talks fail

Negotiations over wages has led to several rail strikes over summer, as workers seek higher salaries to keep up with sharp price rises for goods and services. The Bank of England has warned the UK will fall into recession in the final three months of this year when inflation is set to hit more than 13%. It announced the largest interest rate rise in 27 years – up 0.5% – to 1.75% in an effort to calm inflation.