Today’s “recession shock” strengthens the case for tax cuts in the upcoming Budget, an economist has argued. The UK fell into a technical recession towards the end of 2023, figures published by the Office for National Statistics (ONS) today show. This was due to the country’s economy experiencing two consecutive quarters of negative gross domestic product (GDP) growth. Confirmation that the UK fell into recession at the end of 2023 could threaten the Government’s headroom to implement this type of fiscal agenda, but economist Julian Jessop is encouraging Rishi Sunak and Jeremy Hunt to introduc…