Article 5TJQD What does 2022 hold for the UK economy and its households?

What does 2022 hold for the UK economy and its households?

by
Richard Partington Economics correspondent
from on (#5TJQD)

Analysis: the Omicron variant has given Britain a bad start along with looming inflation, weak growth and rising bills

The UK government should join us to create a fair and resilient economy

Britain's economy is beginning 2022 on the back foot as record numbers of coronavirus infections and tougher restrictions driven by the Omicron variant cloud the outlook for growth.

It comes after a weaker pace of growth at the end of last year as businesses and households come under mounting pressure from rising energy bills pushing up inflation, as well as shortages of workers and materials. Here are five charts for the UK's economic prospects in 2022.

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