UK economy plunged into the red in March after weaker than expected quarter

Businesses sounded alarm that the economy is ‘headed for the slaughterhouse’ today after it plunged into the red in March – with Rishi Sunak admitting the country faces ‘anxious times’ and experts warning of Stagflation. 

Fears of recession have been fuelled as official figures showed UK plc growing lower than expected in the first quarter – and going into reverse in the final month. 

GDP rose by 0.8 per cent between January and March, down from growth of 1.3 per cent in the previous three…

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