The UK is officially in recession for the first time in 11 years, so what exactly is a recession, and how badly will it affect millennial women?

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The UK is officially in recession for the first time in 11 years, so what exactly is a recession, and how badly will it affect millennial women?
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The national debt is expected to rise above 100% of the GDP and stay there, meaning it will take a huge toll on public finances.

Want to take advantage of that stamp duty holiday? Here's the expert's guide for first time buyers...Want to take advantage of that stamp duty holiday? Here's the expert's guide for first time buyers...

Thinking of buying your first home? Here’s everything you need to know, plus why now may *actually* be the best time to buy...“Government spending and support can and is trying to help with various packages and support programs,” says Olga, “But the money for those in the long term also has to come from somewhere...and that might mean higher taxes.”

Ah, Ok, so here’s where I am in my understanding; because our GDP is down we now have a deficit in between what we’ve spent as a country and what we’ve made as a country. This has caused a recession. Basically, it’s like that time we bulk bought from Zara and ate into our overdraft, which meant we had to eat lean for a month.The biggest consequence of a recession, is that companies and organisations which have lost money during lockdown, will need to cut costs. So, like the time you cancelled your Deliveroo account to save cash, consider yourself the Deliveroo account in your bosses budget cut.

“Freelancers providing online services and those who successfully adapted to the remote landscape will be in a position of strength. Some will now have a second income stream and many will kick on to surpass their pre-COVID figures, “ says Matt, “Freelancers are set to play a vital role in the rejuvenation of our economy as we enter a new phase and businesses who utilise this exceptional talent pool of remote experts will most likely come out of it on top. “**Drumroll please**.....

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