Cost of living crisis could tip UK into 'mild recession' next year - This is Money

A 'mild' recession could be a 'distinct possibility' if consumer spending slows down further and the EU and US fall into their own recessions, according to KPMG.

The cost of living crisis could tip the UK into a mild recession next year, prompting the Bank of England to pause interest rate hikes, according to a new report.  Accountancy giant KPMG said that, … [+3471 chars]

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