uk economy
Why was this announcement met with so much nervous anticipation?
The findings are more bad news for Rishi Sunak and Jeremy Hunt.
The contraction is worse than experts had predicted.
On the surface, it looks like good news. Underneath, it's...complicated.
So much for that "wage-price spiral".
The shadow cabinet minister said Labour increased real wages by £58 a week between 2000 and 2010.
Prime minister says his promise to halve inflation remains "ambitious", as Labour attack Tory "economic chaos".
Rising interest rates are still a problem.
“Putin is a d**khead and a thief," it read.
There are a tough few years ahead, according to economists.