http://www.bbc.co.uk/news/business-23079082
Quote:
The UK economy did not experience a double-dip recession at the end of 2011 and the first half of 2012, the Office for National Statistics (ONS) has confirmed.
Updating its historical data, the ONS showed that the growth figure for the first quarter of 2012 was flat.
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---------- Post added at 10:29 ---------- Previous post was at 09:53 ----------
In fact, it's Labour's economic credibility that's now taking a double dip:
Quote:
The ONS also said the recession in 2008 was deeper than previously estimated.
Gross domestic product (GDP) during that time is now estimated to have plunged by 7.2% from peak to trough, against a 6.3% fall previously recorded.
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