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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.

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Ed Balls accuses Chancellor of 'dangerous complacency'

The Shadow Chancellor Ed Balls has accused the Prime Minister and Chancellor of complacency and called for "direct help to struggling families and businesses".

Shadow chancellor Ed Balls Credit: Stefan Rousseau/PA Wire

Reacting to today's announcement of GDP figures, Mr Balls said: "These deeply disappointing figures expose just how dangerously complacent the Prime Minister was when he said last autumn that the ‘good news will keep coming’."

“This government’s failing plan has now seen our economy stagnate for over two years and borrowing is now rising as a result."

“It is grossly irresponsible and out of touch of George Osborne to once again try to shrug off bad news and refuse to heed the advice now coming to him from right, left and centre," he added.

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