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UK Economy Probably Entered Its Worst Slump Since Lockdown

  • Boris Johnson’s replacement faces inflation and stagnation
  • Gordon Brown and BOE’s ex-chief economist call for action
Updated on

The UK economy probably shrank for the first time since the nation was in a coronavirus lockdown at the start of 2021, adding to pressure for action from the contenders vying to take over as prime minister.

Gross domestic product for the second quarter probably shrank 0.2%, according to a survey of economists by Bloomberg News ahead of the official figures due to be published this week.