U.K. Enters Technical Recession as GDP Falls, Putting Pressure on Sunak's Economic Growth Pledge

U.K. gross domestic product (GDP) fell by 0.3 percent in the three months to December, meaning the country suffered a technical recession
The grim economic outlook puts further pressure on Prime Minister Rishi Sunak's pledge to grow the economy
Shadow Chancellor Rachel Reeves blamed "Rishi's recession" and said his economic pledge was "in tatters"
GDP per capita fell by 0.7 percent last year, with seven straight quarters of no per capita growth
Chancellor Jeremy Hunt may scale back planned public spending cuts in light of the recession ahead of the Spring budget