Bank of England expects UK to fall into longest ever recessionThe Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years.Food and energy prices have jumped, in part because of the Ukraine war, which has left many households facing hardship and started to drag on the economy.Their plans for £45bn worth of unfunded tax cuts - much of which have been reversed - sent the value of the pound tumbling and sparked market turmoil, forcing the Bank of England to step in to restore calm.Chancellor Jeremy Hunt said: "The most important thing the British government can do right now is to restore stability, sort out our public finances, and get debt falling so that interest rate rises are kept as low as possible."The Bank's rate decision comes before the government unveils its tax and spending plans under new Prime Minister Rishi Sunak at the Autumn Statement on 17 November."