UK economy left on ‘knife edge’ as rate hike torrent takes its toll
The British economy saw inflation finally abate in 2023 but could still finish with a recession and more pressure from the full impact of the barrage of interest rate hikes, with experts warning that the economy has been left on a “knife edge” heading into 2024.
Inflation became the key battle ground for both the Bank of England and Prime Minister Rishi Sunak in 2023 as soaring prices threatened to inflict long-lasting damage, sparking industrial action on a scale not seen since the 1970s.
In January, Mr Sunak made it one of
