"It is not just the fact that the U.K. has officially entered recession that will cause concern;...

|By:, SA News Editor

"It is not just the fact that the U.K. has officially entered recession that will cause concern; it is the size of the contraction," economist Charles Davis says. "The economy is set for the steepest contraction in the post war era in 2009, with a fall in the region of 3%."