The long-predicted recession in the UK economy appears to have started in the fourth quarter of 2022. Data released so far, consumer spending in the country in December rose by an average of around 5% while inflation remains apparently anchored above 10%.

While bricks and mortar outlets performed adequately over the period between Black Friday and the Holiday period, it was online purchases that took the biggest hit.

Uncertainties created by the strike by postal workers discouraged people from buying online, although major courier firms only reported a marginal fall in activity.

The Bank of England has predicted that the recession will continue for the entire year and given the potential crisis facing the public sector there are those that see very little growth before the General Election which is scheduled for no later than two years from now.

Over the past fifty years, there have now been three Parliaments that have lasted in excess of more than ten years.

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