Chancellor Jeremy Hunt told MPs he was having to make difficult decisions to ensure a "shallower downturn", but the economy was still 1.4% in 2023.
expected to shrink will be A majority of households worse off as a result of Mr Hunt's decisions, which will see the cap on energy bills increase and the tax burden rise to its highest sustained level since the Second World War.
The Chancellor blamed Russian president Vladimir Putin's invasion of Ukraine for a "recession made in Russia", with the spike in energy prices driving up inflation, but he was also being forced to manage the financial turmoil caused by his predecessor Kwasi Kwarteng's mini-budget in September.
Diese Geschichte stammt aus der November 19, 2022-Ausgabe von The Herald.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 19, 2022-Ausgabe von The Herald.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Police clamp down on city's predatory men
TAKING 'EVERY STEP' TO KEEP WOMEN AND GIRLS SAFE
Mum calls for disabled children to be top priority
GOVT MUST PROVIDE 'A LOT MORE FUNDING FOR DISABLED KIDS'
Hospital order for son who killed mum
A SON who admitted he stabbed his mother to death and filmed it, before confessing to his father on WhatsApp, has been given an indefinite hospital order.
Luxury boat-builder shows off key vessels
PRINCESS YACHTS AIMS TO IMPRESS AT TOP TRADE SHOW IN SOUTHAMPTON
Hoe protest against sewage pollution
SPILLS POSE THREAT 'TO SWIMMERS AND MARINE LIFE'
Skydivers' Tower Bridge dream
TWO professional skydivers said successfully completing the world's first wingsuit flight through London's Tower Bridge was a \"dream come true\".
THANK YOU CALLUM
PLYMOUTH ARGYLE OWE GOALKEEPER CALLUM BURTON A DEBT OF GRATITUDE
Bovey Tracey cruise to a seven-wicket victory over Plympton
PREMIER PLYMPTON skipper Alex Carr is confident results will improve once he is able to put a full-strength side on the field.
Scoreboard flattered us, admits skipper Knight
HEATHER Knight insisted that England’s “desperation” to shine on the big stage was responsible for a top order debacle before they recovered to beat Pakistan by 53 runs in the series-opening T20 in Birmingham.
Elphicke's defection 'naked opportunism'
NATALIE Elphicke’s defection was “naked opportunism, by Labour as much as anything”, Lord David Cameron has said.