The UK's economy shrank by 0.7% during April and June, reflecting the longest double dip recession in fifty years.
According to figures released by the Office for National Statistics, the fall in the UK's gross domestic product (GDP) was a much bigger contraction than many economists predicted, confirming that the country is indeed sinking further into recession.
The fall is thought to be mainly due to a sharp decline in the construction industry, with the building sector falling by 5.2% and manufacturing down by 1.3%.
Reacting to the news, Chancellor George Osborne said the UK faced "big challenges".
"We're dealing with our debts at home and the debt crisis abroad. But given what's happening in the world, we need a relentless focus on the economy and recent announcements on infrastructure and lending show that's exactly what we're doing," he said.
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