The cost of living also includes the tightening of loans as banks move to protect themselves from customer default. So to a certain extent they will be adding fuel to the fire they are predicting
it will never happen. The UK is still dancing to the EU tune with most legislation and rules exactly the same. An 80 seat majority in the UK parliament has been wasted
I've never known a country so intent on talking itself into a recession as the UK. According to most UK news agencies there are absolutely no positives.
Taxes, Basic Utilities, Food and Energy are all going up fairly rapidly. That means a lot less disposable income and therefore less discretionary spending on car, clothes, redecoration, furniture etc
Successive energy policies in the UK over the past 30 years have been dire just as the Net Zero project is. Not because we don't need to do something but because we haven't got a proper plan. Just a wish list that has wind turbines stuck everywhere
The UK still has oil and gas around it's coast but the green lobby is determined not to allow further exploration. So catch 22 and very expensive fuel and gas for UK citizens