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UK Slides into Recession: Sunak Faces Election Heatwave

Boom RadioNG | February 15, 2024
Prime Minister Rishi Sunak

Britain’s in recession, dealing a blow to PM Sunak and his party ahead of elections. The economy shrank 0.3% in Q4, following a Q3 decline, marking two consecutive quarters of negative growth.

While economists predict a short-lived recession, it’s a major setback for Sunak, who prioritizes economic growth. This comes as his party faces potential losses in upcoming elections.

Prime Minister Rishi Sunak

British Prime Minister Rishi Sunak

Finance Minister Hunt insists the economy is recovering, despite high inflation. He plans tax cuts in his budget, aiming to close the gap with Labour. However, rising mortgage repayments burden millions.

Labour slams the government’s economic management, calling it “Sunak’s recession” and criticizing his growth promises.

Written by Boom RadioNG

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