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GDP

A recession is forecast in 2023 (image: NationalWorld)

Explainer Recessions explained after OBR reveals UK economy will shrink in 2023

The UK’s fiscal watchdog warns households will therefore feel the pinch more than at any point since 1957 (Photos: Getty/Adobe Stock)
The UK’s fiscal watchdog warns households will therefore feel the pinch more than at any point since 1957 (Photos: Getty/Adobe Stock)

OBR warns UK households could suffer huge drop in living standards

Entertainment, transport and education helped to drive growth in January (Photo: Getty Images)
Entertainment, transport and education helped to drive growth in January (Photo: Getty Images)

UK economy rebounds in January easing fears of impending recession

The UK narrowly avoided a recession in the second half of last year (Photo: Getty Images)
The UK narrowly avoided a recession in the second half of last year (Photo: Getty Images)

UK narrowly avoids recession after economy flatlined at end of 2022

The UK economy will shrink this year and perform worse than all of the advanced nations, the IMF warns (Composite: Mark Hall)
The UK economy will shrink this year and perform worse than all of the advanced nations, the IMF warns (Composite: Mark Hall)

UK to be worst performing major economy this year, IMF forecasts

The growth was also driven by people packing into pubs and bars to watch the World Cup (Photo: Getty Images)
The growth was also driven by people packing into pubs and bars to watch the World Cup (Photo: Getty Images)

UK recession in doubt as economy unexpectedly grows in November

Economists expect the UK to enter a recession by the end of the year (Photo: Getty Images)
Economists expect the UK to enter a recession by the end of the year (Photo: Getty Images)

UK ‘still facing recession’ despite return to growth in October

Jeremy Hunt has said everyone will be paying more tax after he announces his autumn statement. Credit: PA
Jeremy Hunt has said everyone will be paying more tax after he announces his autumn statement. Credit: PA

Chancellor Jeremy Hunt says everyone will be paying more tax soon

Chancellor Jeremy Hunt has warned of a “tough road ahead” as the UK heads towards a recession. Credit: Kim Mogg / NationalWorld
Chancellor Jeremy Hunt has warned of a “tough road ahead” as the UK heads towards a recession. Credit: Kim Mogg / NationalWorld

Jeremy Hunt warns of ‘tough road ahead’ as UK on brink of recession

What is a recession and what does it mean for UK economy explained

The UK economy shrunk by 0.2% between July and September (Photo: Getty Images)
The UK economy shrunk by 0.2% between July and September (Photo: Getty Images)

UK on brink of major recession as economy shrinks by 0.2%

The Bank of England has raised interest rates to 3% (Photo: Getty Images)
The Bank of England has raised interest rates to 3% (Photo: Getty Images)

Interest rates hit 3% after biggest hike for three decades

Britain’s economy shrank unexpectedly in August (Photo: Getty Images)
Britain’s economy shrank unexpectedly in August (Photo: Getty Images)

UK economy shrinks unexpectedly in August raising recession fears

The Office of National Statistics (ONS) found that GDP in the UK fell by 0.3% in April (Pic: Getty Images)
The Office of National Statistics (ONS) found that GDP in the UK fell by 0.3% in April (Pic: Getty Images)

Is a recession coming in 2022? What interest rate means for UK economy

The council paid a total of £119,683 in exit packages last year
The council paid a total of £119,683 in exit packages last year

Universal Credit changes 2022: how will it impact me?

The UK economy staged a modest rebound in July and grew by 0.2% (Photo: Getty Images)
The UK economy staged a modest rebound in July and grew by 0.2% (Photo: Getty Images)

UK economy grew less than expected in July with ‘feeble’ bounce back

Gross domestic product fell by 0.1% between April and June (Photo: Getty Images)
Gross domestic product fell by 0.1% between April and June (Photo: Getty Images)

UK economy shrinks by 0.1% as experts warn a recession is coming

A general view of the Bank of England as it warned inflation will peak at 13%. Photo: Dan Kitwood/Getty Images.
A general view of the Bank of England as it warned inflation will peak at 13%. Photo: Dan Kitwood/Getty Images.

Bank of England hikes interest rates and warns UK will enter recession

The growth has been fuelled by a boom in holiday bookings (Photo: Getty Images)
The growth has been fuelled by a boom in holiday bookings (Photo: Getty Images)

UK economy returns to growth in May despite cost of living crisis

G7 leaders meet in Germany to discuss the war in Ukraine and other international issues
G7 leaders meet in Germany to discuss the war in Ukraine and other international issues

The issues that will be on the agenda at key G7 summit

The UK economy contracted for the second month in a row in April (Photo: Getty Images)
The UK economy contracted for the second month in a row in April (Photo: Getty Images)

UK economy shrinks by 0.3% as cost of living hits households

While borrowing is set to drop over the next 12 months, interest on the national debt is set to soar (image: AFP/Getty Images)
While borrowing is set to drop over the next 12 months, interest on the national debt is set to soar (image: AFP/Getty Images)

UK national debt 2022: what is it - and who do we owe money to?

Commuters wear protective facemasks as they arrive at Paddington station on November 30, 2021 in London, England. (Photo by Leon Neal/Getty Images)
Commuters wear protective facemasks as they arrive at Paddington station on November 30, 2021 in London, England. (Photo by Leon Neal/Getty Images)

UK economy delivered record growth in 2021 amid Covid rebound

William Beveridge’s 1942 report identified ‘five giants on the road to post-war reconstruction’ - and Boris Johnson is failing on each (Image: Mark Hall / NationalWorld)
William Beveridge’s 1942 report identified ‘five giants on the road to post-war reconstruction’ - and Boris Johnson is failing on each (Image: Mark Hall / NationalWorld)

How Johnson is failing to tackle each of Beveridge’s ‘five giants’

Rishi Sunak announced planned changes to the UK’s current foreign aid contributions in the Autumn Budget 2021. (Pic: Getty)
Rishi Sunak announced planned changes to the UK’s current foreign aid contributions in the Autumn Budget 2021. (Pic: Getty)

Foreign aid: Autumn Budget 2021 changes explained

Australia's Prime Minister Scott Morrison met with Boris Johnson in Downing Street on Monday (Getty Images)
Australia's Prime Minister Scott Morrison met with Boris Johnson in Downing Street on Monday (Getty Images)

This is what the UK-Australia trade deal means for immigration and goods

The bank have warned that another wave of coronavirus could change the positive forecast.
The bank have warned that another wave of coronavirus could change the positive forecast.

Bank of England predicts best economy growth since Second World War in 2021