UK economy shrank at fastest rate in 50 years
The Office for National Statistics (ONS) said the economy actually shrank by 2.4pc in the first quarter compared with the final three months of 2008, much more sharply than its first estimate of 1.9pc.
ONS records show that the last time the British economy contracted by more than 2.4pc was in the second quarter of 1958 when gross domestic product fell by 2.6pc and Harold Macmillan was in Downing Street.
comments powered by Disqus
- Zara removes striped pyjamas with yellow star following online outrage
- According To U.S. Big Data, We Won The Vietnam War
- Nearly Every Founding Fathers’ Quote Shared By A Likely Future Congressman Is Fake
- Fareed Zakaria Appears to Have Plagiarized Entire Paragraphs in One of His Books
- Medal of Honor for a Civil War Hero 150 Years in the Grave
- Cornel West and the Insular World of the Obama-Hating Left
- Fox to turn Doris Kearns Goodwin’s “No Ordinary Time” into a 10 hour series on FDR and Eleanor
- Martin Kramer says Columbia University professors claim Israelis are the new Nazis
- Denying Historians: China’s Archives Increasingly Off-Bounds
- Is this the way to teach history? Mark Carnes thinks so.