Britain slides back towards recession

By Sarah O’Connor and Claire Jones, 25th Jan 2013

 

Britain’s economy shrank 0.3 per cent in the final quarter of last year, bringing it closer to a possible “triple-dip” recession and piling pressure on the coalition government.
Chancellor George Osborne, whose austerity programme has come under increasing criticism as the economy has faltered, said he would “confront” the UK’s problems and not “run away” in response to the data, which was worse than economists had predicted.

http://www.ft.com/cms/s/0/d0795284-66d0-11e2-a805-00144feab49a.html#axzz2KmVbk0dG