What does 2022 hold for the UK economy and its households?

[joselync]

Economists warn a sustained hit would lead gross domestic product (GDP) to fall in the first few months of 2022. ... OECD forecasts made before the emergence of Omicron suggested UK growth would slow from 6.9% in 2021 to 4.7% in 2022.

[tracym]

Steady growth has made Britain's economy, which has been thriving ever since former Prime Minister Margaret Thatcher's market reforms in the 1980s, the world's fifth largest. ... Services, particularly banking, insurance, and business services, are key drivers of GDP growth.