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British economy closer to recession after weak growth data

British economy closer to recession after weak growth data
(AFP)

AFP - Britain's economy came closer to a recession on Friday after official data showed it had slowed further during the second quarter as the construction and manufacturing industries weakened. Source: Yahoo! News: Business - European Economy

data growth weak recession closer economy British

Economy Falls

UK economic output in the three months to September fell by 0.5 per cent - the first such fall for 16 years.
Ref. BBC

British economy closer to recession after weak growth data History & Civil Business Politics

VAT at 15%

The UK government is cutting VAT from 17.5% to 15% until the end of next year.
Ref. BBC

data growth weak recession closer economy British

UK economy sees 2.4% contraction

The UK economy contracted 2.4% in the first quarter of 2009, its biggest decline in 51 years, the latest data shows. Ref. Source 8