Maroc - FINANCIALMIRROR.COM - A La Une - 26/Mar 16:49

UK faces recession risk amid growing pressures

The UK economy is facing recession risks, with Wednesday’s Spring Statement confirming what many had feared: conditions are worsening, and government policy is making it harder, not easier, to grow. Rising taxes, increased employment costs, and added regulatory obligations are all landing at once, threatening to choke off business investment and hiring, according to Nigel Green, CEO of financial advisory giant deVere Group, following Chancellor Rachel Reeves’ Spring Statement which put spending cuts at the heart of the government’s agenda. Despite repeated claims of a pro-enterprise agenda, the policy direction from the government is undermining confidence and dragging the country toward