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Will reduced consumer demand push the UK towards recession?

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Personal finance expert Greg Marsh says that household demand for extras will likely fall as the cost of living for essentials bites.

The resulting reduction in spending on things such as socialising and gym membership, as energy and mortgage bills rise, will slow down growth in the economy and maybe lead to a recession.

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#costofliving #economy #growth #government #recession

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Category
World
Tags
Sky News, Sky, scren
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