UK inflation hits 10.1%
Inflation reaches double digits for first time since 1982.
Wages fall at record rate
Pay decreased during rising costs of bills.
Economy shrinks between April and June
ONS says GDP fell as predicted by 0.1%
Interest rates rise to 1.75%
UK forecast to fall into recession this year.
SME growth drops by 20%
Cost of living crisis makes it harder for SMEs to grow.