mo4ch:>UK faces highest risk of recession since 2007 and is hardly ready for it | Mo4ch News

Recession may hit Britain in the next three years and the risk of the gloomy scenario is at its highest level since the financial crisis, a think tank has warned, noting that the UK is underprepared to face the consequences.A Resolution Foundation study issued on Sunday said the reasons for the looming slump are both global and domestic in nature, including the slowing global economy on the backdrop of trade tensions and uncertainties over Brexit.Also on rt.com‘Corbygeddon’ may push super-rich out of UKThe last five recessions cost around £2,500 (US$3,150) per household and left nearly one million people unemployed in the UK, the think tank said in its report titled ‘Failing to plan = planning to fail’. If the government had failed to address the impact of the latest downturn, GDP could have fallen by 12 percent, equivalent to over £8,000 for every family in the UK.However, what was effective in mitigating the last recession, like big interest rate cuts, would hardly work when a new r…