Britain Enters a Recession – (it never left…)

25 Jul

The logical response is more high speed rail…

The figures from the Office for National Statisticsare much worse than forecasts for a 0.2pc contraction.

It marks the third successive quarter of contraction, leaving Britain in its longest double-dip recession in more than 50 years. The economy shrank by 0.3pc in the first quarter of the year, following a 0.4pc contraction in the final quarter of 2011…

This morning the Government announced a much-delayed deal for new intercity express trains. It awarded a £4.5bn contract to Hitachi to build 92 intercity trains at a newly-built factory in northern England which will create more than 900 jobs

Meanwhile in other important British news….
Telegraph

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