Chuka Umunna: No ifs, no buts, economy is flatlining

The Shadow Business Secretary Chuka Umunna had this reaction to today's GDP figures:


Given the importance of the service sector to our economy, it is worrying output of the services industries is flat...


The statisticians and the ONS could not be clearer today: no ifs, no buts....this is a flatlining economy.


UK triple-dip recession looms

Chancellor George Osborne has vowed not to "run away" from Britain's economic problems amid fresh signs the UK is heading for an unprecedented triple-dip recession.