Fears for Irish businesses as Britain heads for year-long recession 

The Bank of England has warned that inflation will reach 13% in Britain.  Picture: PA

Irish food and agri-businesses are bracing themselves for the impact of a year-long recession in Britain, which represents 30% of their export market.

In its bleakest assessment for over a decade, the Bank of England not only warned the downturn there will last a year, but that inflation will spike to over 13% in the coming months.