Recession ‘more likely’ as key gauge misses expectations
The private sector looks set to shrink again, according to preliminary data from an influential survey.
Tag: Recession
UK recession fears grow as economy contracts
Gross domestic product contracted by 0.5% in July, according to the Office for National Statistics.
Papers: Truss claims there might not be recession but front pages don’t agree
Liz Truss has argued that the recession forecast by the Bank of England is “not inevitable”, as she insisted her swift tax cuts are needed rather than Rishi Sunak’s slower approach.