Jun 30
UK economy shrinks most since 1958 The UK economy shrank 2.4pc in the first quarter, its largest contraction since 1958, according to the latest official data. By Telegraph Staff Published: 10:05AM BST 30 Jun 2009 The decline in gross domestic product (GDP) was greater than an earlier estimate from the Office for National Statistics of 1.9pc as the recession deepened, hitting industries from manufacturing to services. The drop on the quarter was the biggest since the year t
