The UK will trail other developed countries in its economic recovery from the pandemic in 2022, with economists polled for a Financial Times survey predicting that it will be held back by political uncertainty and the lingering after-effects of Brexit.
Of almost 100 economists, a majority said that UK living standards would worsen in the year ahead, with poorer households hit hardest by soaring inflation and higher taxes.
The biggest challenges they saw facing the country’s economy were global in nature: high energy prices and broader pandemic-related inflationary pressures; sustained labour shortages and disruption to supply chains; continuing waves of virus infections; and the mounting risks of climate change.
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