Britain is expected to be the only G7 country in recession this year.
IMF forecasts UK economy will shrink in 2023
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Britain is expected to be the only G7 country in recession this year.
Non-payment has increased since the Covid-19 pandemic.
Over half of UK taxpayers receive more in benefits than they pay in tax.
Transport costs fall but energy and food prices remain high.
Rising tax burdens and energy bills are also impacting profitability.
MPC votes 6-3 to increase the rate by 0.5%.
The annual inflation rate reduced by 0.4% in the past month.
Recession looms as the economy shrinks in the three months to October.
Government urged to extend support for businesses.