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JAN 11, 2013 - The Guardian

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Economy heading for triple-dip recession, NIESR warns

Forecast from National Institute for Economic and Social Research comes amid 800 job losses at Honda's plant in Swindon and weak manufacturing dataPressure mounted on chancellor George Osborne to moderate his austerity programme after analysis by a leading thinktank showed the UK economy heading for a triple-dip recession and as 800 jobs were axed at the Honda plant in Swindon.The National Institute for Economic and Social Research (NIESR) said in its monthly healthcheck that the economy shrank by 0.3% in the three months to December. Against a backdrop of weak consumer spending and a drop ... Read More

Tags: Economy heading for triple-dip recession, NIESR warns,  David Cameron Latest News