I've seen a few people say it will be a mild recession. But I don't know what that's based on? Fuel/energy prices will remain high, and will only rise once gov

I've seen a few people say it will be a mild recession. But I don't know what that's based on? Fuel/energy prices will remain high, and will only rise once government support is withdrawn (or taxes rise or spending falls to make it permanent). This will only get worse as the recession continues to push the pound down against the dollar. We have an on going housing crisis that won't get any better when high interest rates reduce demand for new housing and that stops building. And construction is a major employer so expect some feedback there. We have a huge deficit and debt pile to try and deal with, so there is no chance of a government spending spree even without the idiotical issues with a conservative government. This makes no mention of the damage from Brexit that is finally starting to become apparent or all the long term issues we have (aging populations, issues with china, lack of investment in social capital or infrastructure). Looking at all of this, it looks like "chickens coming home to roast" in 10 different ways all at the same time to me. May I ask what gives you hope? I mostly agree about rates having been very low for a long time. Though I'd say having a high pound despite that means exporters have not had an easy time.