'The recession has begun' The U.K. is the only G-7 economy not to have re-attained its pre-pandemic GDP level by the second quarter of 2022, Citibank Chief U.K.
The ONS said GDP was only just returning to its pre-pandemic level, highlighting the challenge facing Prime Minister Liz Truss' "growth, growth, growth" agenda.
"We now believe the recession in the U.K. has begun in the third quarter of 2022 and will likely last for three quarters.
"The cost of living crisis is having a detrimental effect on individuals, not only financially, but physically and mentally too."
Members of the CWU (Communication Workers Union) also continue to strike, including 115,000 postal employees of former state monopoly Royal Mail.