The UK economy cannot get out of first gear. Data released by the Office for National Statistics shows growth was a negligible 0.1 per cent in the first quarter of the year, with output falling by 0.3 per cent in March alone.
And while the Bank of England now no longer predicts we will go into recession, the reality is that growth is nowhere to be seen. Amid sticky inflation and yet another interest rate rise, it’s little wonder that it feels as if the cost-of-living crisis has no end in sight.
