Recession

Britain has avoided a triple-dip recession after the economy grew by 0.3% during the first quarter, but economists are not getting carried away by the news.

The UK's double-dip recession is not as deep as previously feared, after revised figures showed a smaller contraction in the second quarter of the year.

Britain's double-dip recession is not as deep as previously feared after revised figures showed a smaller contraction in the second quarter of the year.

The nation's dire economic plight doesn't mean you can't get on top of your finances. One MoneySaver today tells the story of how he got rid of £35,000 of debt in less than four years , giving hope to others they too can tackle debt head on.

Britain slumped to its longest double-dip recession in more than 50 years today after shock figures revealed the economy shrank by a worse-than-expected 0.7% between April and June.

Shadow chancellor Ed Balls has urged the Government to use the £500 million underspend from the Olympics to cover the cost of scrapping a 3p increase in fuel duty due to take effect in August.

The double-dip recession is deeper than originally feared, with revised figures today showing a sharper decline in the economy in the first three months of 2012.

Bank of England governor Sir Mervyn King has admitted more should have been done to avert the banking crisis and has urged the Government not to delay reforming the financial sector.

Last week, we hit a technical recession — that means the economy shrank for two successive quarters. What does it mean for you?

The UK is back in recession after a surprise 0.2% contraction in the economy in the first quarter of the year, official figures revealed today.