'UK back in recession' - think-tank

Press Association
Money
Money

The UK has slipped back into recession after the economy contracted in the first quarter of 2012, an influential think-tank has warned.

Gross domestic product (GDP) - a broad measure for the total economy - is on course to have fallen by about 0.1% in the three months to the end of March, the Organisation for Economic Co-operation and Development (OECD) said.