More data to prove Government's incompetence
Official figures showed that industrial production tumbled 1.7pc in October, much steeper than the 0.5pc fall predicted by economists, and significantly bigger than the 0.9pc drop in September.
The October production figure - the eighth monthly fall in row marking the longest run of falling output since 1980 - dragged annual output down by 5.2pc, the sharpest year-on-year decline since 1991 when the UK was last in recession.
Corrected quote from a sloppy Telegraph report, linked here.
Labels: Credit crunch
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