It has been annouced by a leading think tank that the British economy is shrinking for the first time in more than a decade. The National Institute for Economic and Social Research said gross domestic product fell 0.2% between June and August following a drop of 0.1% in the three months to July.
This leaves Britian on the verge of the first recession since 1991 with bills and unemployment increasing and house prices falling.
Posted on September 10th, 2008 by Andrew
Discussion Area - Leave a Comment