UK Recession Deepens

Rev 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

“To my surprise, after months of studying Jesus, I conclude that He did not have one good thing to say about money.”

-Jim Bakker in “Prosperity and the Coming Apocalypse”

The recession in the UK officially deepened after reports of the country’s gross national product falling .7% between April and June. The fall was more than double the .3% drop in the first three months of 2012.

The fall marks the fourth negative quarter in five quarters for the UK with the latest the worst of the four declines. It’s the largest fall in GDP growth since a 1.6% fall in the first quarter of 2009.

The Office for National Statistics attributed the fall to a slowdown in the nation’s construction.

“The overall picture is of an economy that remains fragile,” the ONS stated.

“Clearly we’ve got to keep doing everything we can to get out of this difficult situation and provide the growth and jobs that our people and our economy needs,” UK Prime Minister David Cameron told reporters.

 

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