Welsh Government Admits UK Not In Recession After Claiming It Was

Welsh Labour has been keen recently to claim the UK is in recession for some reason. Even their official 2023-24 budget document twice featured the words prominently: “The UK economy is in recession”. A good enough excuse for the Welsh Government’s £900 million budget shortfall – if only it were true…

The Welsh Government has today been forced to admit their recession was a fantasy, admitting that GDP statistics “suggest that the UK economy did not enter recession“.[…] Read the rest