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UK Economists See Growing Recession Risk With Jump in Inflation

  • Chance of slump up from 45% as cost of living crisis worsens
  • BOE expected to deliver another half-point hike in September
A man walks past a boarded up shop in in Stoke-on-Trent, UK.

A man walks past a boarded up shop in in Stoke-on-Trent, UK.

Photographer: Christopher Furlong/Getty Images

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Economists are growing increasingly pessimistic about the UK, with the risk of a recession now seen as far more likely than not and interest rates expected to go higher than previously thought.