We’re essentially already in a recession and it’s set to last from here to the middle of 2024, according to the Bank of England. If so, it is a recession that has a political cause.
It was inevitable that, as the post-Covid growth spurt petered out, the economy would slow down. But the coming round of business failures, wage cuts, job losses and cancelled infrastructure projects will be entirely due to bad policy decisions – both by the Conservative government and the Bank itself.
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