UK Chancellor of the Exchequer Jeremy Hunt says the UK is already in recession, announcing cuts to growth forecasts and tax rises amid a cost of living crisis and inflation at a 41-year high. He speaks in the House of Commons in London. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en