Why is Britain's economy shrinking..?

Link to the article Channel 4

With the economy declining, George Osborne says the eurozone crisis is taking its toll on Britain. Is he right?



The Chancellor was speaking after official figures showed that the economy shrank by 0.2 per cent in the last three months of 2011 - a sign that we may be heading back into recession.

UK slump returns - UK growth decimated

Link to the article Channel 4

Britain probably is in the middle of a light recession now. We won’t know for sure until April. But today’s Q4 GDP number was doubly disappointing, if not, a great surprise. For a start it was a larger fall than expected, at -0.2%. It showed weak construction and production figures.

Recession fears as economy shrinks

Link to the article Channel 4

As official figures show that growth declined at the end of last year, Channel 4 News analyses what has happened to the British economy since the 2008-09 recession and what is in store.

The future for the British high street bleak or booming..?

Link to the article Channel 4

A bumper Boxing Day and up to 12 million shoppers on the streets on Tuesday - but economists are still warning of gloom for the British economy in 2012.



Economist Tony Dolphin warned: "Going into 2012, the risk is that talk of austerity at home and crisis in Europe will dampen spirits to such an extent that the economy drifts into recession."