UK economy shrinking: Is a recession inevitable?

The UK economy shrank unexpectedly in January – a blow to the Chancellor Rachel Reeves just a fortnight before she makes her Spring Statement. The 0.1% drop in GDP was largely due to a fall in manufacturing output – while hospitality, arts and entertainment were also down. (Subscribe: https://bit.ly/C4_News_Subscribe)

The Chancellor blamed increasing global uncertainty – and insisted that higher defence spending would boost economic growth.

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