An alarming decline in British business activity | Pro IQRA News

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London: Over the past few months there has been frequent news in the UK that everyone living there is realizing that the UK of today is very different from the UK of a few years ago.

Rising inflation in the country has hit people hard with a drop in business activity and there are fears that the UK recession will accelerate further.

A foreign news agency According to the report In this regard, British economists also say that the reduction in business activity strengthens the risk of recession in the UK.

Experts further say that the economic chaos is expected to continue in the future due to the sharp increase in the rate of inflation and daily strikes.

British private sector economic activity was at a two-year low in January, according to a report.Strikes and reduced consumer purchases have been blamed for the downturn in the economy.

According to official data published earlier this month, economic growth in the UK temporarily picked up last November, reducing the prospect of output falling in the second quarter of 2022.

In this situation, industrial activity in the UK as a whole has also been significantly affected as rail workers, nurses, ambulance drivers and teachers are out on the streets for a pay rise, which is expected to further increase inflation.



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