UK Economy on Brink of Recession, Net Zero Policies Scrutinized
Update: 2025-12-13
Description
Britains economy teeters on the brink of recession, with a zero point one percent contraction reported. Some economists suggest a shallow recession may already be underway. Political actions, including pre-Budget briefings, are blamed for undermining confidence and stifling growth. The term Reevescession is now used by critics. Dame Meg Hillier, a Labour colleague, criticizes the Chancellors U-turn on income tax. The Bank of England is expected to cut interest rates, but the extent of the cut is debated. Amidst economic concerns, Net Zero policies face scrutiny following the EUs decision to drop its proposed ban on petrol and diesel and a report estimating the cost of reaching Net Zero at three hundred fifty billion pounds.
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