News at Ten: UK economy to avoid recession and inflation set to plummet, says chancellor

Watch the News at Ten live after Jeremy Hunt said the British economy is "proving the doubters wrong" and will avoid recession, as he delivered his first full budget speech to Parliament.

The chancellor said forecasts from the Office for Budget Responsibility (OBR) showed the UK would avoid recession - two-quarters of negative growth - in 2023, despite previous predictions.

But the economy will still contract overall this year by 0.2%, and the OBR has warned living standards are still expected to fall by the largest amount since records began.

Read more: https://news.sky.com/story/budget-2023-jeremy-hunt-says-economy-will-avoid-recession-in-2023-12834284

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