Advertisement

  1. National

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.

View all 33 updates ›

GDP figures renew calls for Chancellor to change tack

Figures released today show the UK economy has shrunk once again, prompting renewed calls for the Chancellor to change his economic plans.

Despite three months of slight growth in 2012, the last quarter saw a 0.3% drop. It means the country is edging ever closer to an unprecedented triple dip recession.

ITV News' Deputy Political Editor Chris Ship reports.

More on this story