HomeBusiness & MoneyBank of England expects UK to fall into longest ever recession

Bank of England expects UK to fall into longest ever recession


A recession is defined as when a country’s economy shrinks for two three-month periods – or quarters – in a row. Typically, companies make less money, pay falls and unemployment rises. The means the government gets less money in in tax to use on public services such as health and education.



Source link

RELATED ARTICLES

Most Popular

Recent Comments