Martin Daubney has labelled the UK's unexpected economic contraction a "crushing blow to Britain" as official figures revealed the economy shrank by 0.1 per cent in January.

The downturn has increased fears that the country could be "slipping our way towards recession later this year", according to the GB News host.

Official figures revealed the economy shrank by 0.1 per cent in January{ai:summary}<p>The UK's economy contracted by 0.1 percent in January, prompting concerns of a potential recession later in the year. Martin Daubney described the downturn as a "crushing blow to Britain," highlighting the unexpected nature of the economic figures. </p><p>#economy</p>

WATCH: Martin Daubney FUMES as UK 'slips into recession'

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