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.
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.
These are obviously very disappointing figures and they show the extent of the economic difficulties that we're grappling with, not least the situation right across the eurozone where our neighbours are also really struggling.
Will the public accept Chancellor George Osborne's explanation on why the British economy is stalling?
The economy shrank by 0.7% between April and June, leaving Britain in the longest double-dip recession in more than 50 years.
New GDP figures out tomorrow will reveal whether the British economy has sustained its downward slide by shrinking between April and June