Uk Recession 2024. The bank of england has warned the uk is facing its longest recession since records began, as it raised interest rates by the most in 33 years. Britain's economy grew by the most in nearly three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year and delivering a.

Chancellor jeremy hunt says uk must ‘stick to the plan’ to combat inflation The uk is at risk of recession after revised figures showed the economy shrank between july and september.