The UKs economy is facing a gloomy outlook. Britain's economy looks set to go into recession as data shows it unexpectedly shrank in August.
A government report shows the countrys gross domestic product in August decreased 0.3 percent from July. Britain's economy is hit by the cost-of-living crisis and rocketing energy bills. The gloomy news comes amid market turmoil after Britain's recent debt fueled budget.
Press TV’s website can also be accessed at the following alternate addresses: