By David Milliken LONDON (Reuters) – Britain is on course to enter a technical recession in the second half of this year and faces a big hit to living standards from surging prices, an economic think-tank said on Wednesday. The National Institute of Economic and Social Research (NIESR) forecast gross domestic product will fall by 0.2% in the third quarter and 0.4% in the last three months of the year. That would mark two consecutive quarters of contraction, a commonly used definition of recession. “Times are difficult for the UK economy,” said NIESR’s deputy director for macroeconomics, Stephe…