Official: UK now in recession
Crisis has returned with a vengeance. Britain is now officially back in
recession following two quarters of economic contraction, something
which will come as no surprise to many workers on the breadline. The
Office for National Statistics (ONS) said the British economy contracted
by 0.2% in the first quarter of 2012, which follows a 0.3% decline in
Gross Domestic Product (GDP) in the final three months of 2011.
