UK economy predicted to be weak till 2024 despite Truss growth agenda
by Richard Partington Economics correspondent from Economics | The Guardian on (#64FD1)
Business confidence sinks to lowest level since depth of Covid pandemic as rising costs hit households and companies
Britain's economy is expected to take until 2024 to recover to pre-Covid levels amid a slowdown for hiring and business investment, as households and businesses struggle with soaring costs.
Business leaders have said that there has been a significant decline of key economic indicators in recent weeks, with confidence among company bosses over the growth outlook collapsing to the lowest level since the depths of the Covid crisis.
Continue reading...