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Fears Return of a Double Dip Recession as Economy Declines
08/02/2011
Fears of a double dip recession were revived as shock figures showed an economic decline of 0.5 per cent.
Experts blamed the the big freeze for the unexpected plunge between October and December last year, which ended 12 months of growth.
The figure will raise serious concerns about the strength of the economy and the coalition's drastic spending cuts.
Taking the drop into account, the total growth for 2010 stands at 1.4 per cent, which is well below analysts' forecasts.
Homeowners aged over 55 years who are worried about the economic decline and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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