the causes of the current recession in the UK economy
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The cause of the current recession in the UK economy
Hello, buddies. In the last 40 years, the UK has never been in a worse predicament. A number of signs reveal: The British economy is in freefall. In which, as of the third quarter of this year, the inflation rate was 10.1%. The value of the pound relative to the dollar also hit a historic low. If one pound is worth $1.42 in 2021, one pound is only worth $1.09 today.
That is, roughly 24% of its worth has been lost. Why was it the case? Let's together research this.
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