The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012. A sharp fall in construction output was behind the surprise contraction, the Office for National Statistics said. A recession is defined as two consecutive quarters of contraction. The economy shrank by 0.3% in the fourth quarter of 2011. Bad news about the UK economy sent the hashtag #doubledip trending globally on Wednesday. The lead image is a popular British sherbet confectionery item, the Double Dip.
Well, Prince Charles had his own ideas for overcoming recession
Might have to sell France to kick start the economy. #recession #doubledip
— Prince Charles (@Charles_HRH) April 25, 2012
David Wright Miliband, British Labour Party politician and British PM David Cameron came in for criticism:
Pasty gate, fuel shambles, granny tax, BSkyB deal, cash4cameron, NHS crisis and now a recession!..THE GOVERNMENT IS OUT OF TOUCH! #doubledip
— Zeshan Hussain (@Zeshan_Hussain) April 25, 2012
Double dip recession – bad news for austerity. Time for Miliband to be more Melenchon? #doubledip
— LEAP (@LEAPeconomics) April 25, 2012
David Cameron’s day just got even worse. #GDP #doubledip #recession
— Rob Mayor (@robmayor) April 25, 2012
Below videos typically captures of the mood of people at street level:
Citizens of UK had their own POV, overly depression prevailed over recession
Remember BankOfEngland guv’nor said whichever party wins 2010 Gen Election will then be out of power for a long time. #doubledip #gdp
— Chris Ship (@chrisshipitv) April 25, 2012
Depressing news as Britain re-enters recession. #doubledip
— David Crosbie (@deibito) April 25, 2012
So, I’m guessing Gidiot will go missing for a while again. #doubledip
— Doug (@unslugged) April 25, 2012
It’s hurting, but it’s not working #doubledip
— Alex Belardinelli (@abelardinelli) April 25, 2012
No, Mr Clegg, “double dip” is not a sherbet sweet. #doubledip
— Elizabeth Windsor (@Queen_UK) April 25, 2012
UK GDP comes in at -0.2% vs consensus of +0.1% #doubledip
— Joshua Raymond (@Josh_CityIndex) April 25, 2012
