UK May Be in Recession, Says BoE as It Warns Support Package Risks 'Adding to Inflationary Pressure’

This Friday the UK Chancellor of the Exchequer, Kwasi Kwarteng, is expected to unveil the so-called emergency tax-cutting mini-budget outlining the key economic strategies that the government of the new Prime Minister Liz Truss is banking on to help individuals and businesses cope with the cost of living crisis.