Oct 24: UK teeters on brink of recession

Gross domestic product shrank by a sharper than expected 0.5 per cent in the three months to September, the first official confirmation that the UK is entering a recession. The consensus amongst economists was for a fall of 0.2 per cent. Chris Giles, economics editor, tells Richard Edgar what the implications are and what the Bank of England is likely to do to alleviate the downturn.