The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the economy is projected to hit the worst growth rates since the Great Depression, and the worst in the G7.
For many people, this certainly feels like a recession, with food prices soaring and pay falling dramatically below inflation meaning many people are having to reduce their standard of living.
