Worst recession in 50 years
Gross domestic product shrank by 0.7% between April and June, taking Britain into its longest double-dip recession for more than 50 years, official figures have revealed.
Cable: GDP figures 'underlines' economic difficulties
Business Secretary Vince Cable said on today's GDP figures: "Clearly we are dealing with news today which is disappointing and it underlines the very difficult economic conditions under which we are operating."
He also distanced himself from comments by Liberal Democrat ally Lord Oakeshott, saying: "We have a very good team in the Government and the Treasury and I work very harmoniously with them."
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Osborne blames Labour as GDP shrinks again
Will the public accept Chancellor George Osborne's explanation on why the British economy is stalling?
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GDP figures show worst double-dip recession in 50 years
The economy shrank by 0.7% between April and June, leaving Britain in the longest double-dip recession in more than 50 years.
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Can the British economy sustain this downward slide?
New GDP figures out tomorrow will reveal whether the British economy has sustained its downward slide by shrinking between April and June