The Office for National Statistics said British gross domestic product fell by 0.4 percent between July and September, meaning the economy has contracted for six successive quarters for the first time since records began in 1955.
This was much worse than analysts’ expectations of a 0.2 percent rise. Not a single analyst out of the 35 polled by Reuters before the data had expected a negative reading.
This is now the longest recession since records began. Despite the Prime Mentalist’s lies that Britain is “best placed to weather the global turbulence” it looks increasingly like Britain will be the last G7 country out of recession…