UK Double-Digit Inflation Seen Lasting Through 2022, Survey Says

Double-digit inflation is set to return in the UK and linger through the end of this year despite the government’s effort to cap energy bills, a survey of economists shows.

The findings gathered by Bloomberg also suggest the economy is now in a recession that will last until the second half of 2023 and that the Bank of England’s benchmark rate will almost double to 4.25% early next year.

The figures paint a bleak outlook for Prime Minister Liz Truss’s government, which is trying to bolster growth and soften the impacts of a surge in electricity and natural ...