Official figures formalised the UK's recession in the second half of 2023, although it was slightly smaller than initially thought.
Jeremy Hunt insisted Britain is moving on from a 'tough' spell today as it was confirmed that the country dipped into recession last year.
Labour and the Lib Dems seized on the news to attack 'Rishi's Recession', with an election looming potentially within months. 'That is a testament to the resilience of the economy but also the fact the Government took some very difficult decisions early on to make sure we got the economy back on track.'
Shadow chancellor Rachel Reeves said the Office for National Statistics' confirmation that Britain has entered recession showed the Tories cannot claim their plan on the economy is working.
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