The UK economy is recessing , recording two consecutive quarters negative growth.
The economy of the UK is expected to slow down in 2026 with a growth rate of 1.0% down from 1.4% in 2025.
This is due to a combination of factors including a softening labour market and subdued consumer confidence .
Unemployment is forecast to rise to 5.2% in 2026 . Wage rate is expected to drop to 3% by mid 2026.
The energy sector is also facing challenges with the domestic energy price cap.
Credit: BBC news.
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