released earlier this week showed that around 730,000 UK workers have already been removed from the company payrolls since March.
And chancellor Rishi Sunak has warned that more jobs will be lost in the coming months.A recession can affect house prices, making it harder to buy or sell property.The government also has to make tough decisions over public spending during times of economic decline.Taking in less money from taxes could result in public services being cut.The easing of lockdown has already had a positive impact on the economy.According to the ONS statistics, the economy bounced back by a slightly better-than-expected 8.7 per cent in June, following upwardly revised growth of 2.4 per cent in May.The third quarter overall is.
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