Britain is back in recession, which means the performance of the economy in the past four years has been the worst in peacetime for at least a century.

 

In the first quarter of this year, national output shrank by 0.2%.

 

David Cameron said the figures were ''very, very disappointing'' but insisted the government would not abandon its policy of reducing the deficit.

 

http://www.bbc.co.uk/news/business-17850046

Ah-well, at least it was only 0.2 and not 2%.