The UK is doing much better than you think and should avoid recession

Interest rate-setters have signalled that bigger hikes may be on the cards as the Bank of England looks to do “whatever is necessary” to stop rocketing inflation from becoming long-term. (Picture: PA Wire)

Let me confront those – not least of all people, the Governor of the Bank of England - who have written of the near certainty the UK falls into stagflation.

Indeed, such are the numbers of those predicting the UK’s GDP numbers will tumble and bury the economy with them, one imagines they have clubbed together to pay for a pauper’s headstone inscribed with the simple words RIP UK economy. Indeed, will try to calm such fears over Recession, Interest rates and Prices by invoking various reasons why the UK will actually rip.