The Bank of England has predicted that the country is heading for a recession that could last two years. (Subscribe: The latest GDP figures seemed to confirm those fears. The UK's total economic production in September fell by 0.6% - partly due to the widespread closures for the Queen's funeral. ----------------------- Follow us on Instagram - ... ( read more )
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The UK is preparing for a two-year recession after the economy shrank again. According to the Office for National Statistics (ONS), the economy contracted by 2% in the first quarter of 2021, largely due to the lockdown measures and the impact of Brexit. The ONS attributed the decline to a fall in consumer spending and business investment, as well as a drop in exports due to disruptions at ports after the UK left the EU. The service sector,
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