Britain was on recession alert last night after the Iran war, higher taxes and Labour turmoil pushed the economy into reverse.
In a report that will make grim reading in Downing Street, the Office for National Statistics said the economy contracted by 0.1 per cent in April following a surprisingly upbeat start to the year.
Rachel Reeves immediately sought to blame the conflict in the Middle East, saying ‘this is not a war we wanted or joined, but one that will have an impact at home’.
But critics warned that while the inflation shock stemming from the war was taking its toll, the
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