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25/01/2013
ONS Revealed Economy Fell 0.3% At End Of 2012
New figures from the Office for National Statistics (ONS) have revealed that the UK economy shrank by 0.3% in the last three months of 2012.
The news has fueled further speculation that the economy could re-enter recession.
It is believed the fall is largely due to a drop in mining and quarrying, after maintenance delays at the UK's largest North Sea oil field.
In the previous 2912 quarter the economy had grown by 0.9%, boosted by the London 2012 Olympic Games.
The ONS figures show that overall, for the whole year, growth was flat.
(H/GK)
The news has fueled further speculation that the economy could re-enter recession.
It is believed the fall is largely due to a drop in mining and quarrying, after maintenance delays at the UK's largest North Sea oil field.
In the previous 2912 quarter the economy had grown by 0.9%, boosted by the London 2012 Olympic Games.
The ONS figures show that overall, for the whole year, growth was flat.
(H/GK)
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UK Economy Will Pick Up In 2012, Says CBI
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18 August 2014
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28 February 2013
Net Migration Falls By A Third
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27 January 2012
Olympic Village Handover Marks Six Months To Games
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20 October 2011
East Anglia's Rail Improvement On Track
Rail passengers in East Anglia are on track for more comfortable and convenient journeys thanks to a range of measures to be introduced on the region's rail network, Rail Minister Theresa Villiers has announced today.
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