When it comes to the economic health of the UK, opinions aren’t so much divided as huddled around the same conclusion: things are not going particularly well.

Following a brief technical recession in late 2023, there have been moments of hope – certainly, the government has been pinning all their ambitions to raise living standards on the growth of the economy. But slower-than-forecast growth in the second half of 2025 has put a dampener on some of those hopes, to the point where people are starting to wonder what a possible recession could mean for them.

The impact of a recession on individual households will depend on circumstances, and no two people will be affected in the same way.

For context: a recession is technically defined as two consecutive quarters of negative economic gro

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