Article 5XDFK How has the UK economy fared in the two tumultuous years since Covid?

How has the UK economy fared in the two tumultuous years since Covid?

by
Richard Partington
from on (#5XDFK)

Analysis: the country suffered its worst recession in a century and inflation made an unwelcome return

Rishi Sunak will give his spring statement on Wednesday on the second anniversary of the initial Covid lockdown, with the economy still reeling from the effects of the pandemic and facing fresh headwinds from war in Ukraine.

In the two years since the government first ordered people to stay indoors to guard against soaring infections, the country has been through huge economic changes. Initial turmoil and uncertainty eventually gave way to a gradual recovery, but now UK households face a worsening cost of living crisis amid high inflation and a surge in energy prices made worse by Vladimir Putin's invasion.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments