In 2023, the UK officially entered a recession, as confirmed by the Office for National Statistics (ONS). The economy shrank by 0.3% in the last quarter of 2023, marking the second consecutive quarter of decline, a typical indicator of recession. However, there are positive signs, with a robust job market and wage growth surpassing inflation, suggesting a potential short duration for the downturn. The UK's GDP grew by a slight 0.1% compared to the previous year, indicating weak but present growth. Chancellor Jeremy Hunt remains optimistic, believing the economy is improving, despite current low growth rates. In contrast, Shadow chancellor Rachel Reeves criticised Rishi Sunak, claiming his economic growth promises are failing. The global context shows similar trends, with the EU narrowly avoiding a recession and Japan entering one. The latest ONS update confirmed a marginal 0.1% GDP growth for the UK in 2023, the weakest since the 2009 financial crisis, excluding 2020's pandemic impact. The Government's focus is on reducing inflation and supporting economic recovery, amidst political criticism and global economic challenges.