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.