Sunday, January 20, 2013
Need an excuse – blame the weather
Disruption caused by snow could see the UK slip back into recession once again. If the snow pushes the UK into another quarter of economic contraction in the first three months of 2013, Britain's economy will have been shrinking five of the last six quarters. 2012 saw the double-dip recession begin in October 2011 and continue for the first half of the year, before being alleviated by growth of 0.9% as a result of the Olympic Games causing a statistical reset.