Cable warns recovery is a marathon, not a sprint as Britain misses triple-dip recession by a whisker

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.

Britain avoids triple-dip recession by a whisker as economy grows by 0.3%

Phew! Britain avoids triple-dip recession by a whisker as economy grows by 0.3%… and Osborne claims economy is 'healing at last' 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 .

UK Peace Index: Rate of murders and violent crime falling faster than anywhere in Western Europe

How Britain is becoming a SAFER place to live: Rate of murders and violent crime falling faster than anywhere in Western Europe New report reveals UK's murder rate has fallen by half over the past decadeBroadland in Norfolk is most peaceful area and Lewisham is most violentPeople believe they are four times more likely to be attacked than is actually the case , just eight weapons crimes were recorded in the area, which has a population of 125,000 people. The other areas ranked as least violent were Three Rivers in Hertfordshire, South Cambridgeshire, East Dorset and Maldon in Essex. Among urban areas, Cardiff was found to be the most peaceful, along with Sheffield, Nottingham and Leeds

Peaceful Britain: Violent crime and murders fall fastest in UK out of whole of western Europe and Broadland in Norfolk is revealed as the safest…

Britain is becoming a safer place: Rate of murders and violent crime falling faster than anywhere in Western Europe New report reveals UK's murder rate has fallen by half over the past decadeBroadland in Norfolk is most peaceful area and Lewisham is most violentPeople believe they are four times more likely to be attacked than is actually the case , just eight weapons crimes were recorded in the area, which has a population of 125,000 people. The other areas ranked as least violent were Three Rivers in Hertfordshire, South Cambridgeshire, East Dorset and Maldon in Essex.

"Every penny matters": George Osborne borrows Morrisons slogan in "man of the people" speech

'Every penny matters': Osborne borrows Morrisons slogan in 'man of the people' speech to supermarket staff defending cuts to benefits Osborne says his reforms are backing 'people who want to get on in life'He said 'vested interests always complain' about welfare shake ups 14million households will be better off, the Chancellor announcesDefends cutting the 50p top rate of tax for highest earners ” class=”lightboxPopupLink” onclick=”return false”> Enlarge George Osborne's hopes of avoiding an unprecedented triple dip recession are on a knife-edge.

Debt misery for 630,000 families trapped in negative equity homes

Debt misery for 630,000 families trapped in negative equity homes 630,000 families have mortgages that are larger than value of their homesReport warns that more people may fall into negative equityCouncil of Mortgage Lenders estimates the number is actually closer to 800,000 people By Becky Barrow PUBLISHED: 01:39 GMT, 26 March 2013 | UPDATED: 02:24 GMT, 26 March 2013 Around 630,000 families in Britain are in negative equity, which means their mortgage is larger than the current value of their home, an official report revealed yesterday.

Recovery is in sight, says Sir Mervyn: Bank of England chief gives Chancellor a boost ahead of the Budget

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.

Mother"s Day 2013: Children spend twice as much on gifts on mum than they do for Father"s Day

Sorry, Dad, I'm spoiling Mum! Children spend twice as much on gifts on Mother's Day than they do for Father's Day By Daily Mail Reporter PUBLISHED: 02:18 GMT, 6 March 2013 | UPDATED: 08:29 GMT, 6 March 2013 Perhaps it’s only fair, given all the things our mums do for us, but it turns out that we spend twice as much on Mother’s Day as on Father’s Day. Children pay an average of 27.37 on cards and gifts for their mums, according to research. But they are far less generous with their fathers, typically spending just 14.45.

Pain for holidaymakers as pound tumbles to 16-month-low against the euro

Pain for holidaymakers as pound tumbles to 16-month-low against the euroThe pound has fallen against world currencies in the first few months of 2013GBP fell to a 16-month low against the euro affecting many UK travellers Fall against the US dollar hit a nine-month low yesterday By Hugo Duncan PUBLISHED: 23:54 GMT, 20 February 2013 | UPDATED: 08:39 GMT, 21 February 2013 British holidaymakers were last night warned to expect less cash in their pockets when they head abroad as the value of the pound tumbles.

Bank of England to warn living costs "will keep soaring for two years"

Bank of England to warn living costs 'will keep soaring for two years' rounded off the worst four years for Britain’s economy, outside the aftermath of war, since the 1830s – leaving the UK on the brink of triple-dip recession. ‘The UK is set for a slow but sustained recovery,’ the Bank said last week. Sir Mervyn has said the economy will ‘zig-zag’ in and out of growth for some time, a warning he may repeat on Wednesday.