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April 25th, 2012 
FAKE NEWS for the Zionist agenda The Office for National Statistics (ONS) said Britain’s GDP has fallen 0.2 percent in the first quarter of 2012 adding to a 0.3 percent contraction at the end of 2011.
A recession is defined as two straight quarters of contraction, and these new figures will be a deep blow for Britain’s Conservative/ Liberal Democrat coalition, which has slid in opinion polls.
Meanwhile, a new poll has found that more people are becoming gloomy about their own financial prospects.
Polling for the Resolution Foundation think-tank suggested that spending cuts and the squeeze on living standards have made people on low and middle incomes more pessimistic about their own financial situation than they were last autumn and at the start of this year.
The new survey of 2,000 adults, carried out by Ipsos MORI, found that the number of people who expect their financial position to worsen over the next year rose from 15 percent last October to 23 percent in January and 27 percent this month.
Low-income households, defined as those earning less than £12,000 a year, are the most pessimistic about their prospects – 36 percent expect them to worsen in the next 12 months, up from 17 percent last October and 25 percent in January.
Middle-income groups, those earning between £12,000 and £30,000 a year, have also become more gloomy. The proportion of them saying their position will get worse rose from 16 percent last October to 26 percent in January and 30 percent this month.
But households with an annual income of more than £30,000 are more optimistic than they were at the start of the year. According to Ipsos MORI, 18 percent of people say they find it increasingly hard to afford essentials such as meeting food and energy bills.
MOL/JR/HE
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