Be in no doubt, today's GDP figures are bad news indeed. Bad news as they show the economy is shrinking sooner than expected, down 0.1% in March. But bad news too, in terms of what it heralds for the rest of the year. All the signs and predictions were already that the worst is set to come later this year. The question now is: How much worse? And at the centre of it all is a chancellor under immense pressure to act, not least from within his own party. Rishi Sunak's challenge: to show that he is not out of touch with the struggles people are facing and that he can manage the big challenges when he no longer has a ... (full story)