The risk of a recession has risen in the UK, according to the ONS
epa09942272 Shoppers pass a sign advertising a sale in London, Britain, 12 May 2022. According the the Office for National Statistics (ONS), the risk of a recession has risen in the UK after the economy shrank during March. The economy grew by 0.8 percent over the first three months of the year, but in March it shrank by 0.1 percent as people cut back spending. EPA/NEIL HALL
