UK recession risk grows as higher interest rates weigh on firms

Service sector and manufacturing output falls, with cost of living crisis also hitting businesses Business live - latest updates Britain's economy is at growing risk of recession, with industry figures showing the sharpest monthly fall in private sector activity, outside of the Covid pandemic, since the financial crisis. In a sign that higher interest rates and the cost of living crisis are combining to depress consumer demand, the latest snapshot from S&P Global and the Chartered Institute of P...