‘Extreme Inflationary Pressures’ to Become Even Worse in UK: British Chambers of Commerce

Customer at the fruit and vegetable section at a Sainsbury's supermarket in Walthamstow, East London, on Feb. 13, 2022. Tolga Akmen/AFP via Getty Images

Experts have warned that “extreme inflationary pressures” are likely to worsen in the United Kingdom, and stated that the country is already in the midst of a recession.

Alex Veitch, director of policy at the British Chambers of Commerce (BCC), made the comments in a press release on Sept. 1, where the BCC again downgraded its expectations for growth in the UK’s gross domestic product (GDP) for this year, to 3.3 percent from 3.5 percent in the second quarter against a “deteriorating economic outlook.”