WE'RE ON OUR KNEES
Daily Mirror UK|February 16, 2024
>> PM's vow on the economy is 'in tatters >>Fears that spending cuts are on the way
GRAHAM HISCOTT & LIZZY BUCHAN
WE'RE ON OUR KNEES

WITH millions struggling to make ends meet amid the cost of living crisis, Brits are desperate for the Government to make good on its vow to fix the economy.

But instead, the UK plunged into recession. And there are fears of yet more savage cuts to public services.

The Office for National Statistics yesterday said the economy shrank by a worse-than-feared 0.3% in the final three months of last year.

The fall after a 0.1% drop the previous quarter amounts to a technical recession. Shadow Chancellor Rachel Reeves said: "Rishi Sunak's promise to grow the economy is now in tatters. Britain remains trapped in a spiral of economic decline." 20 The figures came a day after Mr Sunak boasted the economy had "turned a corner".

This story is from the February 16, 2024 edition of Daily Mirror UK.

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This story is from the February 16, 2024 edition of Daily Mirror UK.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.