UK economy stalls for first time in 15 years

Following an initial forecast that UK GDP would grow by just 0.2% between April and June, the Office for National Statistics announced that growth was 0%. Annualised GDP growth has now fallen to just 1.4%, well below the Government's predictions, and some fear the UK is already in recession. The slowing economy had ended 63 consecutive quarters of economic growth, one of Gordon Brown’s biggest boasts during his period as Chancellor. The UK is now seeing some of the weakest economic data since 1992, with unemployment rising, house prices falling and consumer spending is slowing down. ...