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May 25th, 2012 
FAKE NEWS for the Zionist agenda In April, Britain’s Office for National Statistics said Britain had entered a double-dip recession after two consecutive quarters of negative economic growth. The agency said the British economy had contracted by 0.2 percent in the first three months of 2012.
The 0.2 percent contraction accompanied by the 0.3 percent plunge in Britain’s Gross Domestic Product (GDP) during the last quarter of 2011 meant the British economy was in a double-dip recession.
However, the latest data from the Office for National Statistics show the British economy is deeper in recession as the economy contract by 0.3 percent not the 0.2 percent which was previously reported.
Meanwhile, the British press criticized UK officials for blaming the country’s ailing economy on the eurozone debt crisis after official figures showed the eurozone avoided a double-dip recession.
Earlier this week, the International Monetary Fund (IMF) also called upon the British government to change its economic policies and slow the pace of its tough austerity measures in order to stimulate the country’s economic growth.
Nevertheless, Treasury Minister Chloe Smith insisted that Britain should stand by its planned spending cuts saying “We need to stick to our path. It would not be acceptable to fail to deal with our debts.”
ISH/JR/HE
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