09.30 Britain never had a double dip recession, according to the latest revisions to GDP data by the ONS.
Revised data showed that Britain's economy did not shrink in the first three months of 2012, and output was instead flat, the Office for National Statistics said following a major annual revision of Britain's economic data.
That meant that the country did not suffer the two consecutive quarters on contraction which commonly define a recession.
Revised data showed that Britain's economy did not shrink in the first three months of 2012, and output was instead flat, the Office for National Statistics said following a major annual revision of Britain's economic data.
That meant that the country did not suffer the two consecutive quarters on contraction which commonly define a recession.
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