UK economy in reverse

(01:47) Report

Oct 24 - Britain's economy has shrunk by half a per cent in the third quarter of 2008.

The Office for National Statistics says the 0.5 per cent drop in gross domestic product in the three months to September was the biggest since 1990 and the first contraction since 1992, further fuelling predictions of a long and painful recession.

Paul Chapman reports.

Featured Videos

Top News
Embed this channel:

InDepth
Embed this channel:

Entertainment
Embed this channel:

Oddly Enough
Embed this channel:

Business
Embed this channel:

Technology
Embed this channel:

Sports & Leisure
Embed this channel:

Environment
Embed this channel:

Archive
Embed this channel:

Most Popular
Embed this channel:

Most Recent
Embed this channel: