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.
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Number of people in employment hits record level with almost 30 million in work – but the squeeze on wages continuesMore Britons are in work than ever before as unemployment falls to 7.8%But wages rise by just 1.4% to 472 per week, with inflation at 2.7%'UK is now ahead of international rivals', claims Iain Duncan Smith By Hugo Gye PUBLISHED: 10:17 GMT, 20 February 2013 | UPDATED: 11:01 GMT, 20 February 2013 A huge rise in employment means that there are more people in work than every before, with almost 30million Britons holding jobs, it was revealed today. And the number of people claiming jobseeker's allowance has fallen to its lowest level in nearly two years.
More than eight million families admit spiraling personal debts are 'a burden' with average UK household now 3,200 in the redPressure of debt has got worse since the 2008 recession, ONS survey findsSouth-East has the highest levels, Wales the lowestBritish debt mountain now approaching 100bn, based on unpaid credit cards, loans and overdrafts By Becky Barrow PUBLISHED: 16:17 GMT, 28 January 2013 | UPDATED: 16:51 GMT, 28 January 2013 More than eight million families admit their personal debts are ‘a burden’ as the country’s total debt mountain balloons to nearly 100billion, official figures revealed yesterday. The report, from the Office for National Statistics, highlights how debt problems have jumped sharply since the recession struck in 2008. To make matters worse, it ignores people’s mortgages, and looks only at other types of debt such as an unpaid credit card bill, an overdraft and a personal loan
Economy SHRANK by 0.3% at the end of 2012, raising fears of a triple-dip recessionOffice for National Statistics announces negative growth for final quarter of last yearResulsts mean there was no growth overall for the whole of 2012 Nick Clegg admits government was wrong to cut funding for big building projects, damaging jobs and growth Boris Johnson says it is time to 'junk the rhetoric of austerity'IMF chief economist says the Chancellor should use the Budget in March to 'take stock' and change course , raising fears of a triple-dip recession. The figures are a devastating blow to David Cameron and George Osborne who were last night seen dining out in the Davos ski resort hours after being told of the grim economic figures.
Record-breaking 30million Britons now in work: Cheer for Cameron as number hits highest level for more than 40 YEARSUnemployment falls to 7.7% in 10th consecutive quarterly declineRise in private sector jobs makes up for continuing cuts in public sectorMcDonald's announces it will hire 2,500 more UK staff in 2013 But Lloyds TSB reveals plans to cut 940 jobs as airline Flybe follows suit By Becky Barrow PUBLISHED: 10:17 GMT, 23 January 2013 | UPDATED: 02:00 GMT, 24 January 2013 The number of people in work is at a record high of almost 30million. Figures from the Office for National Statistics showed the total workforce across public and private sectors last year was 29.7million, the largest number since records began in 1971
More than 1,000 women suffer sex attack EVERY DAY, report saysReport reveals almost half a million women are preyed upon every year But only one in 88 rape claims results in conviction, Crime Survey findsMost of 400,000 female victims subject to unwanted touching or exposureOne in 200 women was victim of rape or another serious sexual assault By Larisa Brown and Mark Duell PUBLISHED: 20:59 GMT, 10 January 2013 | UPDATED: 03:10 GMT, 11 January 2013 More than 1,000 women suffered a sexual assault every day last year – but only one in 88 rape claims resulted in a conviction, a report said yesterday. One in five women has been a victim of sexual assault since the age of 16, with almost half a million adult females in England and Wales preyed upon every year, the study revealed
Crime plummets by as much as 22% in some areas DESPITE savage budget cuts Crime down by at least 10% in 19 of 43 force areas in England & WalesComes as police and government clash over cuts and 'Plebgate' affairCrime plummets by 22% in Nottinghamshire and 18% in Northumbria | UPDATED: 07:48 GMT, 31 December 2012 The rift between the Government and police is poised to deepen as crime continues to fall despite unprecedented cuts in officer numbers. Ministers seized on figures which reveal that crime has fallen steeply over the past two years across England and Wales. The number of recorded offences fell by at least 10 per cent in 19 out of 43 forces as budgets were slashed by an average of just under 10 per cent.
Homegrown fruit and veg back on menu as Britons turn to allotments to save money in struggling economyShare of homegrown produce rose from 2.9% to 5% between 2008 and 2011Economic downturn and celebrity chefs' campaigns credited for the rise | UPDATED: 23:33 GMT, 30 December 2012 Families are increasingly turning to homegrown produce as household budgets are squeezed by Britain's trouble economy and soaring fruit prices.
Australia's sex, drugs and rock 'n' roll boom! How a strong economy Down Under has led to illicit sidelines Average yearly wage in Australia has hit 47,000Heroin and ecstasy sell for eight times more than in Britain and the U.S.