Britain still in recession

Official figures have revealed that Britain remained in recession during the third quarter, despite widespread predictions that the economy would show a return to growth.

Data for gross domestic product from the Office for National Statistics revealed that the economy contracted by 0.4 per cent in the three months to September.

This was the sixth successive quarter of negative growth, making it the longest recession since the current method of calculating output was introduced in the 1950s.

People with debt management problems may need to take extra measures to resolve their problems, as the continued downturn in the economy may worsen matters for some, not least those who could lose their jobs.

Responding to the news, Liberal Democrat Treasury Spokesman Vince Cable said: “For all the hopes of a quick recovery, these figures make it clear we are still in the longest and what could yet become the deepest recession on record.”

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