Are We In A Recession 2024 Uk Government. Despite covid and higher rates, our jobs market has been resilient so far.  — the uk will face one of the worst recessions and weakest recoveries in the g7 in the coming year, as households pay a heavy price for the government’s policy failings, economists say.

The combination of high inflation, falling real wages and a sharp rise in mortgage rates could belatedly push the uk economy into recession by the election year of 2024. We’ll also share some tips on steps you can take to manage life during a recession.