The Latest Breaking News from Recession

Bleak period of recession combined with rises in cost of living dominate the front pages, with plenty of horrifying graphics

The papers on Friday focus solely on the expected recession as readers are told to ‘batten down the hatches’.

Rival insists shrinking economy is not ‘inevitable’

British foreign minister Liz Truss clashed over the future of the economy with former finance minister Rishi Sunak on Thursday as the two contenders to be Britain's next prime minister debated the Bank of England's warnings of a long recession.

The shocking assessment of the economy has reset the backdrop for the Conservative leadership contest

Rishi Sunak warned pouring ‘fuel on the fire’ could create ‘misery for millions’ as he hit out at his Tory leadership rival’s plans.

The Fed’s aggressive interest rate hikes and the economy's contraction for two consecutive quarters have increased the odds of a potential recession. Nevertheless, robust corporate earnings and some positive economic data have greatly supported the downside of the benchmark indexes lately. Therefore, we think it could be wise to invest…

The Foreign Secretary claimed that her tax cuts would help to repay public debt back in the long-term

The Bank of England has now raised rates at six consecutive meetings to try and combat the U.K.’s rampant inflation. Its interest rate now stands at 1.75%.