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SEVEN DAYS: 27 July 2012

All you need to know about investing in the past seven days
July 27, 2012

We’ve never had it so bad.

To nobody's great surprise, the latest figures from the Office of National Statistics show that the UK economy is in a much worse state than government forecasts prediced. A 0.7 per cent contraction in the second quarter was treble the official estimate, and marks the third successive negative quarter, resulting in the longest 'double-dip' recession in more than 50 years. As is customary, the foul weather was blamed for the continuing reversal, but apparently Her Majesty must shoulder some of the blame because of Jubilee celebrations, with increased sales of bunting proving insufficient to kick-start the ailing economy.

IC TIP: Ignore at 0.00p

Moody blues

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