Rishi Sunak warned over possible UK recession in 2024

Bank of more than 5% ld be forced to drive Britain’s economy into a recession to tame inflation.

Labour leader Keir Starmer said: “Almost millions feels better off after 13 years of th the Bank of England really worried about mortg Britain

Instead, they’ve sat on their hands while inflat the end of a week the roof.” Sunak had struck an optimistic note about Jeremy Hunt during his trip to the G7 in Japan last week, saying there were “lots of signs that things are moving in the right direction”. He pointed to the positivity of chief executives ab Keir Starmer nt in Labour and argued that real household disposable income was 13 years outperforming what people thought”. The opposition criticised his comments as being out of touch with people struggling with their Jagjit Chadha g a cost of living the National Institute of Economic and Social Research i">UK last week UK Japan Liz Truss’s pan> Jeremy Hunt this year Te one _Nxl five Rishi Sunak Andrew Sentance rvative the Bank of England LightText__N Sunak >Rishi Sunak’s Downing Street Gordon Brown xt__ 1997 i">Daisy Cooper Clinton aryFeed_highLightText__NxlGi">Democrat UK xt__NxlGi">Treasury Treasury next year ext__NxlGi">zero Bank Text__NxlGi">Bank the Ba this week land UK cla annual mmaryFeed_highLightText__NxlGi">Mohamed El-Eri 8.7% span April pan class="summaryFeed_highLightText__NxlGi">IMF Bank Bank ="summaryFeed_highLightText__NxlGi">2023 5.5% pan class="summaryFeed_high 4.5% tText__N the end of the year Virgin Money class="summaryFeed_highLightText__NxlGi">Treasury Friday ="summaryFeed_highLightText__NxlGi">Conservative < Thursday ss Britain ryFeed_highLightText__NxlGi"> Nationwide e up to 0.45 aryFeed_highLightText__NxlGi">5%-plus Wednesday highLightText__NxlGi">38 Moneyfacts