UK ‘to face worst downturn of major economies’ in 2023, says OECD
Britain facing recession which much of world will avoid, says report The UK is facing the worst downturn of major ...
Tag: Recession
UK finance minister announces tax hikes and spending cuts, says the country is in recession
The U.K. government on Thursday unveiled a sweeping fiscal plan aimed at plugging a gaping hole in the public finances ...
Britain’s businesses are ‘running out of fight’ as country faces longest-ever recession
U.K. gross domestic product (GDP) shrank by 0.2% quarter on quarter in the three months to September, official figures showed Friday. Many ...
Asian shares extend losses as the spectre of recession looms
Asian shares have fallen, with Chinese markets logging moderate losses after reopening from a weeklong holiday Asian shares slipped on ...
The UK in recession and further interest rate hikes probable, Bank warns Kwarteng
Threadneedle Street makes clear on eve of the tax-cutting mini-budget that plans risk triggering more rate rises The Bank of England has ...