UK economy shrinks pointing to start of recession

Technology
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The UK appears to be heading into recession after the latest official figures showed the economy shrank between July and September.

The economy contracted by 0.2% between July and September as soaring prices hit businesses and households.

A country is in recession when its economy shrinks for two three-month periods in a row, and the UK is set to be in one by the end of the year.

The Bank of England said the recession will be the longest on record.

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