Britain's economy slid back into recession and so will wee. Can Obama and his leftist goon in media keep all the plates spinning with lies until after the November election? Probably. and after that America will truly see how bad of shape this nation is in and who is really responsible.
Britain slide into double dip recession
Britain's economy slid into its second recession since the financial crisis after official data unexpectedly showed a fall in output in the first three months of 2012, piling pressure on Prime Minister David Cameron's embattled coalition government.
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Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.
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The
Office for National Statistics said Britain's gross domestic product
fell 0.2 percent in the first quarter of 2012 after contracting by 0.3
percent at the end of 2011, confounding forecasts for 0.1 percent
growth.
Most
economists had expected Britain's $2.4 trillion economy to eke out
modest growth in the early 2012, but these forecasts were upset by the
biggest fall in construction output in three years coupled with anaemic
service sector growth and a fall in industrial output.
Wednesday's
figures will be a deep blow for Britain's Conservative / Liberal
Democrat coalition, which has slid in opinion polls since a poorly
received annual budget statement in March and risks embarrassment at
local elections on May 3.
The government is also under pressure over revelations about its close relationship with media tycoon Rupert Murdoch.
The
government desperately needs growth to achieve its overriding goal of
eliminating Britain's large budget deficit over the next five years.
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