Ten Things You Need to Know Today: 17 August 2023

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

1. Recession warning for UK

Britain could “lurch” from high inflation into a recession next year, said The Independent. George Dibb, head of the Institute for Public Policy Research’s Centre for Economic Justice, warned that “there is a very real risk that a recession may soon overtake price rises as the main economic concern”. However, Rishi Sunak told The Times that Britons will feel better off next year. The PM said that he was “really optimistic” about the future and “confident” that inflation would fall enough to ease the cost of living crisis in 2024.

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