Spending watchdog confirms UK now in recession with worst fall in living standards since records began
Business live – autumn statement updates and analysisAutumn statement – key points at a glance£6bn to insulate UK’s homes and a green light for Sizewell CElectric car owners to pay road tax from 2025Chancellor extends energy windfall tax to ‘low carbon’ generators
The UK has fallen into a recession which will last more than a year and push half a million people out of work, according to a fresh forecast from the Office for Budget Responsibility (OBR).
There will be the biggest fall in living standards since records began with inflation “tipping the economy into a recession lasting just over a year”, the spending watchdog said.
Spending watchdog confirms UK now in recession with worst fall in living standards since records beganBusiness live – autumn statement updates and analysisAutumn statement – key points at a glance£6bn to insulate UK’s homes and a green light for Sizewell CElectric car owners to pay road tax from 2025Chancellor extends energy windfall tax to ‘low carbon’ generatorsThe UK has fallen into a recession which will last more than a year and push half a million people out of work, according to a fresh forecast from the Office for Budget Responsibility (OBR).There will be the biggest fall in living standards since records began with inflation “tipping the economy into a recession lasting just over a year”, the spending watchdog said. Continue reading…
