The UK economy is poised for a significant downturn, with growth set to falter and unemployment projected to worsen, according to new forecasts from the Confederation of British Industry (CBI). The influential business group warns that the ongoing conflict in the Middle East and escalating energy costs are weighing heavily on consumers and businesses alike.
The CBI’s latest economic outlook paints a gloomy picture, predicting that an additional 200,000 Britons are on track to become unemployed. This would push the UK’s jobless rate to 5.5 per cent this year, equating to approximately two million people.
