UK economy avoids recession but not out of woods - Hunt

Hunt plans to deregulate key industries to grow the economy after UK only just dodges recession

The Chancellor has ruled out significant tax cuts or spending increases at the upcoming Budget because of his policy of balancing the public finances

UK Economy ‘Not out of the Woods’ Despite Avoiding Recession: Chancellor

The UK is “not out of the woods” despite avoiding a recession by a tiny margin last year, Chancellor of the Exchequer Jeremy Hunt has warned. The country’s GDP was flat in the last three months of 2022, according to new data released by the Office for National Statistics (ONS) on Feb. 10. The ONS said that when counting to two decimal places, the UK eked out a tiny 0.01 percent growth in the fourth quarter. The figure might be revised in late Ma…

UK economy avoids recession but not out of woods

The economy saw zero growth in the final three months of 2022 but strike action took a toll in December.

Cost of living crisis: UK avoids recession but Jeremy Hunt says government must cut inflation by half

The ONS says a lack of Premier League football because of the World Cup contributed to a contraction in output during the final month of 2022.

Hunt told he must cut taxes as recession avoided by thinnest of margins

Anaemic growth figures prompt business leaders to call for more radical action

UK economy not yet 'out of the woods', says chancellor – video

The chancellor warned that inflation was still too high, but reiterated his pledge to halve it