UK in triple dip recession fears

If output continues to fall in the first quarter of this year, the UK will fall into its third recession in four years.

Britain not sliding into triple-dip recession

Fears that the country's double-dip problems will intensify in the new year were dismissed by the British Chamber of Commerce (BCC), which claimed an improvement in employment rates and even predicted some growth.

Won't shy from politically risky reforms: Osborne

Chancellor George Osborne, said he was determined to push ahead with reforms necessary to boost the economy even if that was a politically risky strategy.