The rise in inflation and the threat of recession has been made worse by the country’s attempt to sever links with the EU via Brexit.

Many had assumed that lessening the bureaucratic red tape that Brussels considers vital for frictionless movement of goods and labour would help make the UK economy more efficient, but it seems the opposite is true.

The Prime Minister is embroiled in a row with a broad alliance of business interests, which is set to challenge Rishi Sunak over the planned bonfire of EU-inspired rules and regulations from the UK’s statute books by the end of next year.

The Institute of Directors, the Trades Union Congress and other bodies say that doing away with regulations will make a tough situation worse,

The wholesale scrapping of the rules and replacing them with yet-to-be-prepared regulations will make dealing with companies working under EU regulations impossible.