The UK is set to narrowly avoid a recession this year. However, for seven million families, it will ‘certainly feel like a recession’ with people’s disposable income set to take a big hit.
The UK is set to narrowly avoid a recession this year, although it will still feel like one for seven million families.crisis, the National Institute of Economic and Social Research said there should be marginal growth this year.This means the country will technically avoid going into recession – defined as when the economy shrinks for two consecutive three-month periods.
It projects one in four UK households – some seven million families – won’t meet their planned energy and food bills in full from their post-tax income, up from one in five last year.
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