The IMF report is the leading story for the Financial Times, whose front page features a graphic showing the UK’s projected growth in 2023 compared to other G7 countries. It reports the IMF’s warning that Britain “is the only leading economy likely to slide into recession this year” and that household spending will “falter”.
Sources suggest the UK has moved past its technical recession with first-quarter growth surpassing that of the US and Eurozone, a positive development for Rishi Sunak.