UK heads for five years of lost economic growth


LONDON: The United Kingdom is headed for five years of lost economic growth as the government fails in its goal to “level up” the country’s regions and reduce inequality, an influential think tank says.

Gross domestic output is unlikely to return to its pre-pandemic level before 2024, according to forecasts from the London-based National Institute of Economic and Social Research (NIESR).

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UK , Brexit , Bank of England , BoE , inflation

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