Last Modified: 23 Jan 2009
By: Faisal Islam
As Britain officially goes into recession the figures are worse than feared, the worst in 30 years. So just how deep could the economy sink?
You may be forgiven for thinking this had already happened, but by nine o'clock this morning it was official: Britain is in a recession.
GDP fell by 1.5 per cent between October and December last year, this follows a slump of 0.6 per cent between July and September, the biggest decline since 1980.
The conservative leader David Cameron said today "soon the money will run out" and Britain will require a financial bail out if the prime minister continues his financial recovery plan.
Posts
