The UK Economy » Page 3 of 3 » Liberty Central

Double Dip Recession Could Cause Fall in House Prices

Economists have issued a warning that the UK’s return to a second official recession could cause a abrupt fall in house prices. The country’s fresh downturn is expected to dampen consumer confidence which is already very low, further increasing the chances of a housing market slump. Howard Archer, chief economist as IHS Global insight said […]

UK slumps into Double Dip Recession

The UK has slumped into a double dip recession for the first time since 1975 after the GDP fell by 0.2 per cent for the first quarter of 2012. Economists predicted that the GDP would grow by 0.1 per cent which didn’t match the figures released by the ONS. The UK’s GDP has to shrink […]

Will UK Escape A Double Dip Recession?

The Chancellor George Osborne will know whether the UK has headed into a double dip recession when he enters the cabinet meeting this morning. The rest of the world will have to wait until 9:30 am on Wednesday to find out. First quarter figures will be announced on Wednesday by the Office for National Statistics […]