Hopes for a breakthrough on teacher strikes as Dominic Raab says offer also on the table for junior doctors The UK will be the only economy in the G20 apart from Russia to shrink this year as high inflation, the energy crisis and low productivity hinder its recovery, according to the Organisation for Economic Co-operation and Development. My colleague Phillip Inman has the story here.In a statement issued in response, Jeremy Hunt, the chancellor, said the UK economy was resilient.The British economy has proven more resilient than many expected, outperforming many forecasts to be the fastest growing economy in the G7 last year, and is on track to avoid recession.Earlier this week I set out a plan to grow the economy by unleashing business investment and helping more people into work, alongside extending our significant energy bill support to help with rising prices, made possible by our windfall tax on energy profits. Continue reading...
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