Britain stares into the abyss again as household confidence plummets

Monday, October 25, 2010
By Paul Martin

PM will seek to reassure the CBI conference today as economists predict double dip and house-price fall.

Sean O’Grady
Monday, 25 October 2010

Britain faces a relapse into recession, official figures are expected to suggest this week, as the latest survey of household confidence also points to a property market poised to “lurch downwards”.

The Office for National Statistics is due to release data on growth for the third quarter on Tuesday – and it will show a sharp slowdown in the pace of recovery seen earlier in the year.

Some economists believe that Britain could suffer the much-feared “double dip” next year and, even if the economy doesn’t shrink again, any path back to economic normality seems certain to be protracted and painfully slow.

The Rest…HERE

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