UK officially back in recession

myp

Jan 2009
5,841
The double-dip is officially upon the United Kingdom after a weak first quarter that included substantial drops in construction output and financial services. This marks their first double-dip since the 1970s. PM David Cameron will surely take a lot of heat for pushing spending cuts earlier.

Thoughts?
 
Jan 2012
237
The double-dip is officially upon the United Kingdom after a weak first quarter that included substantial drops in construction output and financial services. This marks their first double-dip since the 1970s. PM David Cameron will surely take a lot of heat for pushing spending cuts earlier.

Thoughts?
what caused this?
 

myp

Jan 2009
5,841
what caused this?
As is the case with any such news, you will get a variety of responses based on who you talk to. Some will point to the cuts, others to the global economy, others to central bank policies or fiscal stimulus policies. Most likely it is more than one cause.