Britain set to 'flirt with recession' this summer amid turmoil over Iran: Doom-laden report predicts economy will flatline for six months
The forecasting group EY Item Club also warned that an energy price 'shock' will soon drive inflation to almost 4 per cent, while unemployment will hit 5.8 per cent in mid-2027.
- 250,000 UK job losses predicted as Britain faces 'biggest hit since Covid' Liverpool Echo —
- Unemployment to peak at 5.8 per cent as jobs market faces ‘biggest hit’ since pandemic City AM —
- Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says The Guardian —
- UK to ‘flirt’ with recession and 250,000 to lose jobs amid Iran war fallout, warn forecasters The Independent —
- 250,000 people in UK to lose jobs in next year, new report says Mirror —