Ten Things You Need to Know Today: 27 May 2023

The Week’s daily digest of the news agenda, published at 8am

1. Sunak warned of recession

Rishi Sunak has been warned the UK economy could be in recession next year, ahead of the general election. Economists predicted the Bank of England could be “forced to drive Britain’s economy into a recession to tame inflation”, said The Guardian. Financial markets have driven up UK government borrowing costs to the highest level since Liz Truss’s reign, putting into doubt the prime minister’s ability to deliver on his promise to halve inflation this year, one of five central pledges of his premiership.

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