UK Economy Stagnates with Gloomy Outlook Despite Better-Than-Expected Contraction

• UK economy contracted 0.3% in Q4 2022, better than expected, but stagnating with low growth prospects • Inflation falling and interest rates to follow, providing some positive signs • Deep sense of gloom over UK economy and future of managed decline • Worklessness and lack of investment holding back economy, with welfare becoming a lifestyle choice • Government failing to capitalize on Brexit, with estimated 4-8% GDP loss from exiting EU