Well from my point of view.
My accountants are telling me inflation is running at about 12%, not the 5% government figure.
I have seen 7 “new build projects” cancelled this month and our sub business of kitchens and bathrooms has seen a down turn.
I have employment agent offering me staff at reduced rates
For the first time in many years I am being forced to sack “sub contractors” , mainly carpenters and tilers at the end of this month.
I never liked doing kitchen, bathroom and new build work anyway, I do remember the last recession and the way people cut each others throats for work. I think that’s why we only used a mix of agentcie staff and sub contractors for these projects.
Most of us did see this recession coming, most of us have been worried about the collapse of the housing market for the last 5 years and acted accordantly.
We are in a recession, we have been for the last 3 months.