the two years promised by truss but he has yet to say how he will honour his pledge to protect the most vulnerable after aprilthe caps future will be key for the bank of england as it prepares to raise interest rates again on nov 3 when it will also signal its plans further aheadthe combination of higher energy bills from april more rate hikes and a slower world economy means britain could be in recession until the end of next year economists sayratings agency sp global ratings forecast on tuesday that britains economy would contract by 06 in 2023faced with that bleak outlook the head of a big employers groups urged hunt and sunak not to return to the relentless focus on spending restraint and tax measures of the 2010s under the conservatives and to announce progrowth measuresthe country could end up in a similar doom loop where all you have to do is keep coming back every year to find more tax rises and more spending cuts because youve got no growth confederation of british industry director general tony danker told bbc radio