Austerity Sends Great Britain Towards ‘Triple Dip’ Recession

Posted on

"Austerity Sends Great Britain Towards ‘Triple Dip’ Recession"

Great Britain’s service sector unexpectedly shrank in December, bringing the prospect of a “triple dip” in the UK closer to reality. The service sector in the UK hadn’t contracted since 2010. Great Britain’s economy has been struggling to escape the weight of austerity measures implemented by Prime Minister David Cameron’s conservative government, which sent the country into a double-dip recession. Cameron’s government has already signaled that it will extend austerity into 2018.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.