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 ›

Osborne: GDP reminder of 'difficult economic situation'

Chancellor George Osborne said today's GDP figures are a reminder of the "difficult economic situation" faced by the country. Speaking from Davos, where world leaders and business leaders are meeting, he said:

"We have a reminder today that Britain faces a very difficult situation, a reminder that last year was particularly difficult.[..] Now we can either run away from these problems, or we can confront them, and I am determined to confront them."

More on this story