Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Politics
Holly Williams

UK to narrowly avoid recession and jobless rate to surge, Item Club warns

United Kingdom Recession Interest Rates Inflation Iran Matt Swannell Economy Iran War MPC United States
Britain’s unemployment rate hit a high of over four-and-a-half-years and wage growth has slipped back (Alamy/PA) -

Britain is to “flirt” with recession and unemployment will be sent soaring amid the fallout of the Iran war, according to economic forecasters.

The latest Item Club report predicts the economy will flatline in the second and third quarters, which will leave gross domestic product (GDP) rising by 0.7% over the year as a whole, down from 1.4% expansion in 2025.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
1.5% Mix Not Universally Optimal: Lab tests split on butt–asphalt blends; researchers warn on ‘best’ dose
Innovative research has found that incorporating cigarette-butt waste into asphalt mixtures could significantly enhance pavement quality. A study showed that a blend with 1.5% cigarette butts achieved optimal deformation resistance, while mixtures containing 2% butts exhibited greater thermal stability. Various methods for safely encapsulating the butts were also explored to…
The Times of India
The Times of India
Woman walks up to Boston man to compliment his ‘cool hat’. Then she realizes what it actually is: ‘I don’t see no hat’
Well, that’s awkward.
We Got This Covered
We Got This Covered
New Yorker paid $3 for yard-sale bowl; ancient artefact later sold for $2.225m
A remarkable discovery unfolded in 2007 when a New Yorker purchased a small white bowl for merely three dollars during a yard sale. For years, this bowl was displayed proudly in their home until appraisers revealed its true worth: a rare 'Ding' ware from the Northern Song dynasty valued between…
The Times of India
The Times of India
50 Cent Reveals Eminem 'Put a Couple of Pieces Together' Before Stepping Back to Work on New Album
50 Cent says Eminem helped develop music for the upcoming Street Fighter film before prioritising his next album, leaving the collaboration and soundtrack plans uncertain.
International Business Times UK
International Business Times UK
A Connecticut TikToker says she kept getting nearly empty dressing cups at Chipotle, and her message is ‘Get it together, Chipotle’
There's barely any in the containers
We Got This Covered
We Got This Covered
Girls is back: why it’s the perfect time for more of Lena Dunham’s millennial Sex and the City
HBO’s era-defining comedy is set for a new five-episode series. Its bleakness and warmth couldn’t be more welcome
The Guardian - US
The Guardian - US
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play