Companies Doing Business With UK Could Find Trading Conditions Challenging As UK Faces Into Recession

Companies doing business in the UK could find trading conditions challenging following the Bank of England’s warning that the economy is heading into recession for more than a year.

Interest rates were pushed up a half a percentage point, the sixth rise since December and the biggest since 1995.

Economist Jim Power predicts its just the beginning of a wider contraction of economies across Europe with the possibility of other countries falling into recession.


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