The UK technically slipped into recession at the end of 2023 as GDP fell by 0.3% in the final three months of the year.
This followed a 0.1% decline in Q3 2023. Two consecutive quarters of contracting GDP are required for a technical recession.
Analysts expect the recession to be short-lived, with many saying the country will have exited it already.
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Including:
Peter Bill on the “impending damnation of property portals”
Agency’s top team says firm will be more resilient now than in the GFC
Majority of boroughs did not start a single residential development in the first quarter of this year
The deals at Korol’s Mansel Court set a fresh benchmark at £56.50 per sq ft
