Britain falls into recession
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The United Kingdom has entered a recession, according to official figures. Gross domestic product (GDP) declined by 0.3% in the final quarter of 2023, following a 0.1% contraction in the previous quarter. The main sectors contributing to the decline were manufacturing, construction, and wholesale, although there were some increases in hotels and vehicle and machinery rentals. Overall, the economy remained largely stagnant for the year 2023. This news comes ahead of a general election in the UK. The article will be updated as more information becomes available.