UK Set To Enter Recession This Year

STOKE-ON-TRENT, UNITED KINGDOM - AUGUST 05: A man sits on his door step on August 05, 2022 in Stoke-on-Trent United Kingdom. The city of Stoke-on-Trent was one of the fastest local economies to rebound from the last recession and the predicted latest recession will be a worry for many businesses and local families. Stoke is also seen by many as a litmus test for levelling up with the city councils prospectus called 'Powering Up Stoke-on-Trent'. The Bank of England raised interest rates by 0.5% yesterday to 1.75% and forecast that the UK was heading for a recession. The economy is forecast to shrink in the last three months of this year and keep shrinking until the end of 2023. (Photo by Christopher Furlong/Getty Images)
STOKE-ON-TRENT, UNITED KINGDOM - AUGUST 05: A man sits on his door step on August 05, 2022 in Stoke-on-Trent United Kingdom. The city of Stoke-on-Trent was one of the fastest local economies to rebound from the last recession and the predicted latest recession will be a worry for many businesses and local families. Stoke is also seen by many as a litmus test for levelling up with the city councils prospectus called 'Powering Up Stoke-on-Trent'. The Bank of England raised interest rates by 0.5% yesterday to 1.75% and forecast that the UK was heading for a recession. The economy is forecast to shrink in the last three months of this year and keep shrinking until the end of 2023. (Photo by Christopher Furlong/Getty Images)
UK Set To Enter Recession This Year
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05 August, 2022
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