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The National (Scotland)
The National (Scotland)
National
Hamish Morrison

UK forecast for 'worst recession among top economies' due to Brexit and Tory policies

United Kingdom Tory Recession OECD Brexit Inflation Britain Economy

THE UK will suffer the worst recession of any of the world's top economies as Britain's painfully high rate of inflation is exacerbated by the effects of Brexit and the UK Government's untargeted energy support scheme, a new report has found. 

The latest forecasts from the Organisation for Economic Co-operation and Development (OECD) reveal a sharp downgrade for the UK economy, which is expected to shrink by 0.4% in 2023 and grow by just 0.2% in 2024.

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