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Further decline in UK economy

Ben Parfitt

The British economy contracted by 0.8 per cent in the last quarter – more than double the figure predicted by analysts.

According to the BBC, these figures increase the annual rate of decline to 5.6 per cent, which represents the biggest fall since when records began in 1955.

There's more over on PCR – click here to take a look.

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Tags: uk , decline , growth , credit , economy , q2 , quarter , recession , 2009 , crunch

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