Risk of UK recession on the rise as consumer spending drops

Latest ONS figures

Jayna Rana
clock
Falling consumer spending
Image:

Falling consumer spending

Economists have warned a recession could be on the horizon in the UK, as consumer spending continues to fall and threatens to cripple growth.

The latest figures from the Office for National Statistics (ONS) released yesterday showed consumption had grown by only 0.1% in the three months to June, the weakest quarter since the end of 2014...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

St James's Place CEO Andrew Croft

St James's Place AUM up 25% year-on-year

Improving consumer confidence fuelled net inflows

Jenny Turton
clock 21 October 2021 • 1 min read
Borrowing down but still high

Government borrowing falls in September, but Chancellor in 'tight spot'

Dropped £7bn compared to last year

clock 21 October 2021 • 1 min read
Square Mile has partnered with Royal London
UK

Royal London partners with Square Mile to educate on responsible investment

The companies hope to ‘cut through jargon’

clock 15 October 2021 • 1 min read