UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 “Inconceivable”

UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 “Inconceivable”

It marks the third successive quarter of contraction, leaving Britain in its longest double-dip recession in more than 50 years.

Given that the Chancellor forecast the UK economy growing over the next few years, will he now raise even more tax to make up for the income shortfall caused by a contracting economy?

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