UK economy shrinks 0.1% in March as country tightens its belt – Channel 4 News

Given the gloom over skyrocketing fuel bills and rising inflation, it comes as no surprise that families are tightening their belts.

Now it’s starting to hit the economy – which shrank 0.1% in March. The cabinet met today in Stoke-on-Trent, with the prime minister and chancellor apparently buoyed by the idea of ​​an unexpected tax on big energy companies.

But can they reverse the slump in consumer confidence and avoid a full-blown recession?

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