Coalition takes us back into recession

[Gromit]

// UK consumers are technically back in recession after household spending contracted for the second quarter running at the start of the year.

Raising further concerns about the strength of the recovery, business investment shrank by 7.1pc. It is now 3.2pc lower than last year.

UK growth now lags the stricken eurozone, which is forecast to manage 2pc a year for 2011 and 2012, following the OECD's third downgrade in six months. //

http://www.telegraph....n-ONS-data-shows.html

Meanwhile, inflation is out of control

// Inflation is running at 4.5 per cent, more than double the Bank's 2 per cent target. //

http://www.ftadviser....-recession-nearer.jsp

Not a good first year for the Government?

[rojash]

The IMF warned that this government's policies risked causing a double-dip, as did many respected financial think-tanks. Unfortunately, using the financial crisis as an excuse to follow right-wing dogma was considered more important than the welfare of the nation.

[Sqad]

Not so.
For a recession, one needs to consecutive quarters of NEGATIVE growth not diminished growth.

But you are right......things don't look good.....I agree.

[rov1100]

If Cameron spent more of his time looking after the hard pressed British people instead of running up a £1bn bill for missiles aimed at Libya he might get more sympathy.

I think he must be living on a different planet to engage in a non-winnable war rather than tackling our deficit at home.