GDP fell by 0.1% in March 2022
Fears of recession as monthly GDP contracts.
BCC calls for emergency budget
Budget demanded due to rising costs for businesses.
Interest rate increases to 13-year-high
Bank of England announces interest rate rise to tackle cost of living.
Half of SMEs predict zero growth in 2022
Rising costs hinder business growth plans.
Retail sales fall in March
Statistics show consumer spending slowed.