UK no longer forecast to enter recession, Jeremy Hunt says

UK economy set to avoid recession this year, Hunt says

UK chancellor of the exchequer Jeremy Hunt, delivering his budget for 2023, has said that Britain will avoid a recession this year. Video: Reuters

'Britain to avoid recession…' UK finance minister Jeremy Hunt in Budget speech

There have been predictions that the country would dip into recession in part because of record inflation and rising energy prices due to the war in Ukraine.

UK economy set to avoid recession this year, Hunt says

Britain's economy is set to avoid a recession in 2023 but will still contract this year, finance minister Jeremy Hunt said today as he made a budget speech which included measures to speed up economic growth.

Budget 2023: Hunt overhauls pensions, benefits and childcare in push for growth

Chancellor pledges cash for businesses and parents, and says UK will avoid recession this year

UK will not go into recession in 2023, Jeremy Hunt announces

Jeremy Hunt has announced the UK will not enter recession in 2023. The chancellor said the economy is “on the right track” as he delivered his Budget in the House of Commons on Wednesday (15 March). “Today, the Office for Budget Responsibility forecasts that because of changing international factors and the measures I take, the UK will not now enter a technical recession this year,” Mr Hunt said. “They forecast we will meet the prime minister’s …

UK budget: Economy set to avoid recession this year, Hunt says

UK budget: Economy set to avoid recession this year, Hunt says Britain's economy is set to avoid a recession in 2023, finance minister Jeremy Hunt said on Wednesday as he began a budget speech that was expected to include measures to speed up economic growth.Britain's economy had previously been seen contracting by 1.4% this year under forecasts published in November by the Office for Budget Responsibility (OBR). Since then, energy costs - whic…