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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TUC: Osborne's economic strategy a 'complete disaster'

The head of the TUC union, Frances O'Grady, has accused the Chancellor George Osborne of pushing the economy to the "brink of an unprecedented triple-dip recession".

We are now mid-way through the coalition’s term of office and its economic strategy has been a complete disaster.

The economy has grown by just one per cent, real wages have fallen, and the manufacturing and construction sectors have shrunk. We remain as dependent on the City as we did before the financial crash.

The Chancellor now has all the evidence he needs to change course and focus instead on investment and growth. If he refuses to listen he could do even more permanent damage to the economy.

– Frances o'grady, general secretary, tuc

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