The tills were ringing out for Christmas time on London’s Oxford Street
(Picture: Samir Hussein/Getty Images)The UK looks set to narrowly avoid crossing the line into recession this week, with economic data for the final quarter of last year poised to revel flatlining growth.
A recession only kicks in after two consecutive quarters in which the value of all the goods and services produced by a nation shrinks. While that happened in the third quarter, the final three months of 2022 featured the first Christmas free of Covid restrictions in years, meaning festive season spending may have come to the rescue.
