Reported about 3 hours ago
The UK economy is facing potential recession as forecasts indicate a 0.1% GDP decline in Q4 2025, following stagnant growth in the previous quarter. Chancellor Rachel Reeves is under pressure as her tax-raising budget is believed to be exacerbating economic woes amid ongoing cost-of-living issues. The Bank of England estimates a 40% chance that a technical recession is already occurring, prompting further concerns around governmental borrowing costs and economic stability.
Source: YAHOO