Britain set to ‘flirt with recession’ this summer amid turmoil over Iran: Doom-laden report predicts economy will flatline for six months

A doom-laden report has predicted that the economy will flatline for six months – with no growth in the second and third quarters of this year.

The forecasting group EY Item Club also warned that an energy price ‘shock’ will soon drive inflation to almost 4 per cent, while unemployment will hit 5.8 per cent in mid-2027.

That would leave an extra 250,000 people out of work – the highest level since 2014 and even worse than

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