Britain is close to a double dip recession

VOICED: Britain is a step closer to a double dip recession after new figures showed the economy is shrinking at a faster rate than expected. Gross Domestic Product of GDP is the measure of the economic activity of the whole country, and in the final quarter of last year there was very little of that, and it fell by 0.2 per cent. The Chancellor insists there's still no option but to stick with his austerity plans, but a large part of the decline came in the manufacturing industry - one of the place he was hoping would help lead the recovery. Sky News Alistair Bunkall has this report. Britain is close to a double dip recession on January 25, 2012 in England (Footage by Sky News/Getty Images)


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Clip #:137895588HD
Collection:Sky News
Date created:25 January, 2012
Licence type:Rights-ready
Release info:Not released. More information
Clip length:00:02:58
Location:England, United Kingdom
Mastered to:QuickTime 8-bit XDCAM HD HD 1920x1080 25p More information
Originally shot on:XDCAM HD 1080 25p
Source:Sky News
Object name:27011_133480600-P173123WE.mov
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