The UK’s economic outlook is in focus today after EY Item Club warned the recession will be deeper than it thought three months ago.
The consultancy sees a 0.7% contraction for this year, compared with 0.3% predicted in October. This will be followed by growth of 1.9% in 2024, down from the 2.4% improvement seen previously.
In today’s corporate news, Balfour Beatty said it has secured the National Highways’ £1.2 billion Lower Thames Crossing contract.
