Prime Minister’s pledge under pressure after UK fell into recession
Prime Minister Rishi Sunak’s pledge to grow the economy has been dealt a hammer blow after official figures revealed Britain fell into recession at the end of last year.
The Office for National Statistics (ONS) estimated that gross domestic product (GDP) fell by a worse-than-expected 0.3% between October and December, following a decline of 0.1% in the previous three months.
It means that the economy entered a technical recession, as defined by two or more quarters in a row
