The UK economy looks likely to slowly slip between the waves, as multiple headwinds combine to contribute to a recession which may arrive by the end of the next quarter.

Activity, particularly in the services sector, is expected to drop into contraction, while the actions of the Bank of England at its next meeting, which takes place next week, could be the final straw. Any delay in hiking rates again, would mean that Andrew Bailey would probably be accused of ignoring his duty.

Questions are being asked about the ability of the Prime Minister to remain in power, as rebels within his own party appear to be lining up to challenge.

The Chairman of the Parliamentary Conservative Party will need to receive 54 letters or emails from Government MPs demanding a vote of confidence, in order for such a ballot to take place. in order to force a vote of confidence.

Battle lines are already being drawn, with rebel MPs calling on Boris Johnson to resign to avoid the ignominy both personally and for the Government of their leader being forced from power.

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