UK economy faces another tough year

LONDON: At risk of recession, the United Kingdom has witnessed a year of poor economic performance in 2023, and next year does not look promising either.

Inflation in the country has been running high for more than two years, making the cost-of-living crisis a heated topic across the nation. The consumer price index (CPI) rose by 3.9 percent in the 12 months to November 2023, mainly due to a drop in fuel prices and slower growth in food prices.