Breaking:UK Economy falls into recession

The news we are getting now says UK economy has fallen into recession.

This is a major blow for Rishi Sunak.

Britain has entered recession after recording two successive quarters of negative economic growth in the second half of last year, official data showed on Thursday.

A recession is defined as two consecutive quarters - or two three-month periods in a row - where gross domestic product (GDP) declines.

The UK was last in recession in the first half of 2020, during the coronavirus pandemic.

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