The Bank of England and the UK government’s own fiscal watchdog, however, believe that the economy has already entered recession on fallout from rampant consumer price inflation.
“Like every G7 country, our growth was slower in the years after the financial crisis than the years before it. But since 2010, the UK has grown faster than France, Japan and Italy.He will add: “If we look further ahead, the case for declinism becomes weaker still. The UK is poised to play a leading role in Europe and across the world in the growth sectors which will define this century.”
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