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U.K. Economy Shrank as 2023 Ended, Tipping Into Recession

Bank of England Economic Conditions and Trends Great Britain Gross Domestic Product Inflation (Economics) Interest Rates Labor and Jobs Recession and Depression

U.K. Economy Shrank as 2023 Ended, Tipping Into Recession

Growth contracted 0.3 percent from October to December, the latest sign of a lackluster economy slowed by weak retail sales.

By Eshe Nelson

Britain Confronts Fears of a (Gasp!) Tea Shortage

Great Britain International Trade and World Market Red Sea Shopping and Retail Tea

Britain Confronts Fears of a (Gasp!) Tea Shortage

Shipping issues in the Red Sea have led to delays in tea deliveries, but British retailers assured consumers that any shortages would be a “blip.”

By Isabella Kwai and Jenny Gross

A Hot CPI Report Forces a Rethink of Chances of a Soft Landing

Consumer Price Index Federal Reserve System Great Britain Inflation (Economics) Interest Rates internal-storyline-no Standard & Poor's 500-Stock Index United States Economy

A Hot CPI Report Forces a Rethink of Chances of a Soft Landing

Worries of higher-for-longer interest rates have grown since Tuesday’s Consumer Price Index report.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler