UK 'odds-on' for triple dip recession in 2013

William Hill says it now sees the UK as odds-on to re-enter recession during 2013, with two consecutive negative growth periods between the forth quarter of 2012 and forth quarter of 2013.

It will be a close call, but we suspect more likely than not.

– Graham Sharp, William Hill

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Public sector borrowing rises

Public sector net borrowing rose by £600 million to £15.4 billion in December, according to the Office for National Statistics.