Recession kicked into long grass as UK steams ahead of Europe and US

By Jack Barnett A recession hitting the UK economy is looking like an increasingly far flung prospect after yet more data today shows businesses and families are fending off the cost of living crunch. A net balance of 43 per cent of UK businesses are buoyant about the economy over the coming year, the highest level in a year, according to research firm S&P Global and consultancy Accenture. The level also rose sharply 18 per cent from October. The survey indicates economists’ bets on Britain falling behind its European and cross-Atlantic partners and slipping into recession this year may be ove…

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