Friday, June 29, 2012

But The Policies Must Be Working!

So predictable.
The UK has fallen deeper into recession than previously thought, confirming that the country has officially entered a double-dip. Data from the Office for National Statistics showed that the economy shrank faster than previously estimated between October and December last year, with a decline of 0.4%.

The economy also contracted for a second quarter between January and March this year, with the unchanged -0.3% estimate confirming that we are in recession for the second time in four years.