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UK avoids recession, but living standards plunge, taxes rise - OBR

By Frank Prenesti

Date: Wednesday 15 Mar 2023

(Sharecast News) - Britain's economy is forecast to avoid a recession in 2023, but living standards are still set to record their biggest two-year fall in seven decades, while the tax burden also increases for millions of people, the Office for Budgetary Responsibility said on Wednesday.



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