The interest rate cut hides a very sharp cliff edge. This is why the UK is on the brink of recession

The interest rate cut hides a very sharp cliff edge. This is why the UK is on the brink of recession

The UK economy is stumbling into the New Year on the brink of recession. There are still some good reasons to hope for a bounce next spring, but only if the government changes course. The recent news has mostly been grim. Only some favourable rounding prevented the headline figures from showing that the economy shrank in every single month from July to October. November is unlikely to have been much better. The economy began to falter in the spr…