UK economy to shrink in 2023, risks ‘lost decade’: CBI

LONDONĀ  – Britain’s economy is on course to shrink 0.4 percent next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday. “Britain is in stagflation – with rocketing inflation, negative growth, falling productivity and business investment. Firms see potential … Continue reading UK economy to shrink in 2023, risks ‘lost decade’: CBI