WRITTEN BY LOUIS ASHWORTH AND TIM WALLACE ON AUG 19, 2022. POSTED IN LATEST NEWS
Record-Breaking Gloom Grips Britain As ‘Nightmare’ Winter Approaches
winter londonA record-breaking economic gloom is gripping Britain as households brace for a “nightmare” winter of soaring costs.
Consumer confidence has plummeted to its lowest ever level as the Bank of England increases interest rates to counter rocketing inflation, according to a closely watched survey from the data company GfK. [bold, links added]
Meanwhile, separate data showed that a host of industries are in contraction, a sign the country is teetering on the brink of recession.
https://climatechangedispatch.com/record-breaking-gloom-grips-britain-as-nightmare-winter-approaches/
