Prolonged slump could cost Britain its triple-A rating
Critics say the economy needs a major investment programme to end the longest period of recession in 50 years, writes Ben Griffiths in London.
Britain faces the prospect of losing its prized triple-A credit rating if the economy fails to bounce back quickly from the shock 0.7 per cent fall in output during the second quarter of 2012.
City economists and commentators rounded on the Office for National Statistics (ONS) figures, after most had predicted a small 0.2 per cent contraction between April and June. Others insisted that Chancellor of the Exchequer George Osborne must now swallow ...
