Britain technically emerged from recession, with economic growth of 0.1 per cent in the last quarter of 2009, according to figures from the Office for National Statistics, although these might be revised in a month’s time.
Britain technically emerged from recession, with economic growth of 0.1 per cent in the last quarter of 2009, according to figures from the Office for National Statistics, although these might be revised in a month’s time. The previous six quarters of contraction had been the longest such period since 1955. Gross Domestic Product fell by 4.8 per cent last year. The 100 partners of Goldman Sachs based in Britain are having pay and bonuses for 2009 capped at £1 million each; this will not affect executives of the bank who are not partners. Among black people aged 16 to 24, unemployment has risen to 48 per cent, according to a survey by the Institute for Public Policy Research.
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