This week will mark the beginning of a significant downturn in the UK economy that could see the country in recession by the end of the summer.

It is now considered that the second quarter will see a contraction in GDP or as market analysts like to call it, negative growth.

The most significant factor has been the increase in the cap that is placed upon energy companies to ensure that domestic bills remain reasonable.

It is hard to believe that the first of two increases this year (the second will be in October) will see the average domestic electricity bill rise by £750 a year could be considered reasonable.

The Government loves to draw the attention of the electorate to the performance of the economy in comparison to other G7 nations. Yes, of course the UK is performing better now than the Eurozone. This is almost entirely due to the fact that Europe has a war on its doorstep and has been buying energy from Russia for several years and is now expected to find another supplier.

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