Britain on brink of 'triple dip' recession
- Published: 25 Jan 2013 at 16.45
- Online news: World
Britain's economy shrank 0.3 percent in the final quarter of 2012 and recorded zero growth for the year as a whole, official data revealed on Friday, placing the country on the brink of a "triple dip" recession.
City workers walk over London Bridge in central London on August 18, 2011. Britain's economy shrank 0.3 percent in the final quarter of 2012, a year in which it recorded zero growth, official data revealed on Friday, placing the country on the brink of yet another recession.
British finance minister George Osborne said he was "determined to confront" the economic problems facing the country, which he claimed had been hit hard by the high debt inherited by the government and owing to eurozone strains.
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