UK economy's fall into recession deeper than expected

Britain's economy contracted by 0.3% in the first three months of the year, faster than previously thought, increasing the pressure on George Osborne to explain how the coalition plans to drag the country out of recession.

The Office for National Statistics said the downturn in the construction sector between January and March was even more pronounced than it had initially projected, pushing its overall measure of GDP growth down to -0.3%, from a first estimate of -0.2%.

The downturn was of the same magnitude as the contraction in the final quarter of 2011, undermining hopes that the economy was moving towards recovery....Guardian