Posted 3/4/2024, 12:01:12 AM
UK economy enters recession despite halving of inflation; business investment up but pub closures persist amid childcare concerns
- The economy has not grown as the Chancellor predicted, instead entering recession in 2023
- Inflation did halve by the end of 2023 as forecast, reaching 4%
- Beer prices kept rising despite draught relief, with pub closures steady
- Concerns over delivering free childcare entitlements and recruiting enough staff
- Business investment increased by 6.1% in 2023, helped by tax incentives like full expensing
