Figures show UK is still in recession

Official figures show the UK has not yet emerged from recession. The economy shrank by 0.4 per cent between July and September - a record sixth successive quarter of recession, according to the Office for National Statistics. Forecasters had predicted modest growth for the third quarter of 2009 after five quarters of economic contraction. Government borrowing is also set to soar to a record £175 billion this year to pay for spending plans and higher benefit bills - which will eventually have to be tackled with spending cuts and tax rises.

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ITN | October 23, 2009

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