UK to narrowly avoid recession and jobless rate to surge, Item Club warns
The independent forecasting group said interest rates will remain on hold in 2026 despite soaring inflation caused by the Iran war.
- 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 —
- Britain set to 'flirt with recession' this summer amid turmoil over Iran: Doom-laden report predicts economy will flatline for six months Daily Mail —