The Office of National Statistics has released a report indicating a 0.3% contraction in Britain’s economy during the final quarter of 2023. The UK government had foreseen unfavorable GDP figures, and their concerns proved to be accurate. Ministers argue that some degree of discomfort was necessary to lower inflation, but experiencing a recession was never part of the five pledges. According to the data unveiled on Thursday, Britain’s economic downturn marks its entry into recession, aligning with similar trends observed in Ireland, Denmark, the Netherlands, Austria, Sweden, and Norway. A tech…