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.
Bank of England scraps mortgage affordability tests
Changes came into effect on Monday.
PM candidates set out tax plans
Truss and Sunak clash over tax policy.