British sole traders and small businesses are taking steps to protect their businesses after the Bank of England warned the UK will slip into recession this year. The economy is forecast to shrink in the last three months of 2022…
Some market watchers believe that the UK economy may have already tipped into recession following a downturn in the nation’s dominant services sector. The IHS Markit/CPS purchasing managers’ index for services fell to a six month low of 49.5 in…
UK households have cut back on big purchases like holidays and cars as the possibility of a recession looms, according to a new market survey. IHS Markit, which tracks perceptions of financial well-being, found consumer confidence has fallen to its…
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