Cable warns recovery is a marathon, not a sprint as Britain misses triple-dip recession by a whisker Overall figures better than expected easing pressure on George OsborneEconomy overall grew by 0.3% but construction slumps by 2.5% Deputy PM Nick Clegg warns: 'We're not out of the woods yet'Labour blames coalition for slowest recovery for 100 years Government borrowing remains stubbornly high at 120billionTory MPs accuse coalition of being 'timid' and 'complacent' about growth IMF urged Britain to rethink pace of cuts in face of sluggish recovery . The service industries including hotels and transport accounted for most of the growth in the economy, while construction suffered a 2.5 per cent slump Business Secretary Vince Cable said the 'road to recovery would be a marathon, not a sprint' while Deputy Prime Minister Nick Clegg insisted the economy was not out of the woods yet A recession is defined as two consecutive quarters of decline and Britain has suffered two since the financial crisis struck – the first in 2008-09 and the second in 2011-12.
Recovery is in sight, says Sir Mervyn: Bank of England chief gives Chancellor a boost ahead of the Budget By Becky Barrow and Hugo Duncan PUBLISHED: 01:20 GMT, 15 March 2013 | UPDATED: 01:20 GMT, 15 March 2013 The Bank of England's governor said last night that the 'recovery is in sight' in a boost for the Chancellor ahead of his Budget next week. In a rare television interview, Sir Mervyn King said Britain's anaemic economic growth is finally drawing to an end following the long and painful downturn. It comes at a time of growing fears that the country could be heading for a triple-dip recession, but his comments suggest any further slump will be short-lived.
Advert that said skin cream could give you a body like Mila Kunis' is banned by watchdogAd promised Mila Kunis' look with its 'intensive formula'200ml costs 75 – but failed to convince ASA of its anti-cellulite properties By Sean Poulter PUBLISHED: 01:46 GMT, 16 January 2013 | UPDATED: 01:50 GMT, 16 January 2013 A A beauty cream ad promising to give women the same body as Mila Kunis has been banned for being misleading. Rodial failed to convince experts at the Advertising Standards Authority that its anti-cellulite product could really deliver the promised effect.
Triple-dip alert: Recession fears as figures show industrial output has fallen to lowest level in 20 years Further fall in North Sea production which has dropped by almost 50 per cent in the past three years Cameron declares Britain must be more like Germany and develop a modern workforceFears a cold winter could spell further economic gloom | UPDATED: 13:27 GMT, 8 December 2012 In a blow for Chancellor George Osborne financial markets have predicted Britain is heading for a triple dip recession Britain is on the brink of a triple-dip recession, experts warn as latest figures reveal industrial output has now fallen to its lowest level in 20 years. In a week when chancellor George Osborne put yet another squeeze on the hard working middle-classes, figures for October revealed manufacturing production dropped by 1.3 per cent – more than two per cent down on this time last year. Markets had been optimistic that October would have seen a rise in industrial production but figures from the office for national statistics revealed it had fallen by 0.8 per cent
BBC snaps up JK's new book: Casual Vacancy set to become multi-million pound series broadcast in 2014 BBC1 will adapt The Casual Vacancy into a TV seriesExpected to be broadcast in 2014The book was released only in SeptemberIt has already sold more than one million copies | UPDATED: 01:23 GMT, 4 December 2012 Her children’s novels were cinematic blockbusters but JK Rowling has decided her first book for adults will be made in to a TV series.