'Why is the UK economy doing so much worse than other countries, including Russia?' - KayBurley Jagjit Chadha says the UK is 'materially poor' as we have to import energy, oil and gas from other countries. 📺 Sky 501, Freeview 233 and YouTube
Economic activity has stalled largely as a result of energy-led price pressures on households and businesses - with the Bank of England even predicting in November last year that the economy was already likely in recession.
Output in December fell by 0.5% compared to the previous month, the ONS said, with contributions to the decline also coming from some early winter snow disruption and strikes including the Royal Mail dispute.The report also pointed to a negative impact from the World Cup, having credited strong bar sales for lifting output during November.
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