What's happened
The UK economy has officially entered a recession, prompting concerns about public services and potential austerity measures.
Why it matters
The news is significant as it raises concerns about the state of the economy, potential austerity measures, and the impact on public services.
What the papers say
The Guardian highlights the potential impact on public services and the government's economic management, while The Mirror emphasizes the impact on the Prime Minister's promises and the upcoming general election.
How we got here
The UK economy has been struggling, with the Office for National Statistics confirming a second consecutive quarter of falling national output, meeting the technical definition of a recession.
More on these topics
-
Rishi Sunak is a British politician who has served as Prime Minister of the United Kingdom and Leader of the Conservative Party since 2022.
-
The Office for National Statistics is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to the UK Parliament.
-
The Labour Party is a centre-left political party in the United Kingdom that has been described as an alliance of social democrats, democratic socialists and trade unionists.
-
Rachel Jane Reeves is a British Labour Party politician serving as Shadow Chancellor of the Duchy of Lancaster and Shadow Minister for the Cabinet Office since 2020. She has been the Member of Parliament for Leeds West since 2010.
-
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the northÂwestern coast of the European mainland.