Future Of British Business

UK Faces Up to a Recession in All But Name as Living Costs Surge

Economic problems mount up for Government and Bank of England
Evidence of strain set to emerge in economic data this week

UK inflation is set to peak in double digits in October. — UK inflation is set to peak in double digits in October.
Photographer: Hollie Adams/Bloomberg

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By David Goodman

June 12, 2022 at 7:40 AM UTC

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The history books may not judge it as such, but the UK is sliding into a recession in all but name in 2022.