Eurozone Crisis Puts Britain ‘At Risk’ Of Double Dip Recession

DAILY EXPRESS: BRITAIN is at risk of another recession if the crisis in the eurozone is not dealt with quickly, a senior Bank of England figure has warned

Martin Weale, who sits on the Bank's Monetary Policy Committee (MPC), which sets interest rates, said the economy was at risk of contracting in the final quarter of 2011 due to the crisis in the eurozone.

He claimed the British economy was already on the verge of shrinking.

He said: "Of the six recessions since the end of the First World War this looks to me at least like that with the weakest recovery,

"I find it difficult to... forecast how the euro area crisis is going to be resolved. » | Emily Fox for express.co.uk | Tuesday, October 25, 2011