UK economy shrinks 0.2% in third quarter; longest ever recession

Wednesday, December 23rd 2009 - 09:51 UTC

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The United Kingdom has now lost 6% of its entire economic output in its longest ever recession, official figures have confirmed. The current slump is on a par with the 1980s recession which blighted former premier Margaret Thatcher's early years in power. Read full article

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Roger Forrow
Great article. It has been interesting to see how well some of the retailers have been doing over the Christmas period. VAT rise must have had a big impact. Carl Malways the Economist has also written a very good article for The Retail Database which gives a longer outlook for retails sales throughout 2010. <a href=“http://www.theretaildatabase.com/Articles/01-10/The Long Road to Normality Retailing in 2010.php”>Carl Malways Retail Outlook Article</a>
Jan 05th, 2010 - 06:39 am - Link - Report abuse 0
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