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Daily Mirror
Daily Mirror
Business
David Blanchflower & Richard Murphy

Cost of living crisis dragging country into recession - and seven steps to avoid it

The UK faces a huge crisis : the economy is about to plummet. Listening to our leaders you would not know it. That worries us.

Politicians are talking about a cost of living crisis. But with major energy suppliers fearing that four in 10 households will not be able to afford to properly heat their homes this winter it is much more than a cost of living crisis.

It is a poverty crisis, which is creating the risk of recession. Worryingly, none of the major economic forecasters – even the International Monetary Fund, which predicts that by 2023 the UK will be the slowest growing country in the G7 (with growth at 1.2%) – seem to understand the UK faces a major risk of a recession.

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