News / Spotlight

Looming Recession in Britain

Saturday, 17 September 2022 12:13 AM [ Last Update: Saturday, 17 September 2022 11:45 AM ]

The World Bank has warned global recession risk is rising amid higher interest rates. British Pound has fallen to 37-year low on anniversary of Black Wednesday.

Inflation in the UK is at a 40-year high of more than 10 percent. The UK stocks have fallen as retail sales gloom adds to recession fears. Britons suffering under pressure of rising prices, cost of living crisis.

In this edition of the Spotlight, Press TV panelists Hafsa Kara-Mustapha, journalist and political commentator from London and Fra Hughes, journalist, author and activist from Belfast discuss looming recession in Britain.

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