Is the UK headed towards recession?

<div>The Monetary Policy Committee has just raised interest rates again. This is the fourth consecutive rise, the first time this has happened within a quarter of a century. Economically the future is looking pretty bleak and not just in the UK, this looks like it may be a global problem caused by several factors. China's no Covid policies, US inflation, the Eurozone trying to wean itself off Russia's oil and gas, etc.<br> <br> Katy Balls talks to James Forsyth and Kate Andrews about the state of the global economy. </div>