Economy
UK ended 2023 in mild recession
British economy shrank by 0.3 in the final quarter of last year, new figures show
The UK economy slipped into a mild recession in the final quarter of last year, new figures show, but is already showing some signs of improvement.
The British Office for National Statistics (ONS) said that the economy shrank by 0.1 per cent in the third quarter and 0.3 per cent in the fourth - in line with analysts’ forecasts.
However small revisions not visible in the headline figures, which are rounded to one decimal place, ...