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Unions hit out at Tories’ ‘casino capitalism’ as Britain plunges into recession
The roulette wheel at the Grosvenor Edinburgh Maybury Casino, May 17, 2021
THE Tories’ “casino capitalism” has broken the economy, unions charged today, after it was confirmed Britain has plunged into a recession.
The Office for National Statistics (ONS) said gross domestic product fell by 0.3 per cent in the fourth quarter last year, following a decline of 0.1 per cent in the previous three months.
This means the economy has now entered a technical recession, as it has contracted rather than grown for two consecutive three-month periods.
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