What is a recession and when was the last UK one?
What is a recession and when was the last UK one?
The UK is heading towards another recession (Picture: Getty Images)
With a cost of living crisis, rising fuel prices, and inflation at its highest point, the UK may be in for more bad news.
The Bank of England has revealed the UK is already in a recession with GDP falling and interest rates at the highest in over a decade.
Interest rates have been raised to 2.25% from 1.75% – the highest level…
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