Latest GDP numbers mean Britain’s economy has shrunk since general election
The latest poor GDP numbers mean Britain's economy has shrunk since general election.
The latest poor GDP numbers mean Britain's economy has shrunk since general election.
“The results are in: Keynesians have been completely right, Austerians utterly wrong - at vast human cost” - so wrote Nobel laureate Paul Krugman today.
The double dip recession is a result of George Osborne’s ideological agenda and rejection of stimulus economics, writes Cormac Hollingsworth.
The opposition, press and economists turned on the government today for the UK's descent into a double-dip recession for the first time since the mid-seventies.
In the wake of the OECD’s forecast the UK will experience a double-dip recession, the question now is whether or not we are experiencing a triple-dip.
The OECD today forecast Britain was back in recession, with the economy expected to shrink by 0.1% in Q1 2012, following the 0.3% contraction in the Q4 2011.