Government failing as figures show UK in double-dip recession

The Office For National Statistics released its preliminary estimates of GDP on Wednesday 25 April and it was more bad news for the economy.

 

Growth in the British economy fell by 0.2% in the first three months of 2012. The economy has now shrunk in the last two quarters, pushing Britain back into recession.

 

Steve McCabe MP, Birmingham Selly Oak, said:

“These figures released today are a real concern for Britain, as predicted by many the Government’s policies of severe cuts is hurting more than its working.

 

“The Government are totally out of touch, for the past year we have seen worrying economic indicators and today our worse fears have been confirmed. The UK is back in recession.

 

“We have an unemployment crisis across the country and 1 million young people are now out of work. The Government’s answer? To make cuts so severe that they damage the economic growth of the country and keep these people out of work.

 

“The millionaires budget last month revealed the Government’s true colours, when will they think about the 99% of Britain’s population and abandon their economic policies that are severely damaging the economic health of our country. “

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