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Britain's working poor at financial 'tipping point' |
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Home-Start's volunteers were meant to be a helping hand for families - now they feel more like firefighters. Channel 4 News meets some of the families struggling to cope in jobless Britain.
Politicians often talk about the financial pressure on Britain's families - they use phrases like the "squeezed middle" and the "working poor" to describe parents who hold down jobs but have been hit by economic uncertainty and rising prices, writes Victoria James.
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UK economic growth revised down to 0.3% contraction |
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The UK's economic growth for the last three months of 2011 has been revised down to a contraction of 0.3%.
The first two estimates of gross domestic product (GDP) from the Office for National Statistics (ONS) showed a contraction of 0.2%.
The ONS blamed the revision on the transport and communications and business services and finance sectors.
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OECD predicts recession in the UK |
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The UK economy will contract in the first three months of 2012, taking the country back into recession, according to the Organisation for Economic Co-operation and Development (OECD).
But many other analysts are predicting economic growth in the first quarter.
Figures from the Office for National Statistics (ONS) on Thursday showed the UK service sector grew 0.2% in January compared with December.
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Slump in February retail sales revives recovery worries |
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LONDON (Reuters) - Retail sales suffered their biggest monthly fall in nine months in February and were revised sharply downwards for January, official data showed on Thursday, dampening hopes that a consumer revival this year will boost the economy.
Sales data is well-known for its volatility but the latest figures are still consistent with a sluggish underlying recovery.
Central bankers and the government have been betting on a modest recovery in consumer spending in 2012 as falling inflation should leave Britons with more money to spend, and the February drop comes as a surprise after a recent set of solid results from major British retailers.
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UK retail sales fell 0.8% in February, ONS says |
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UK retail sales volumes fell by 0.8% in February compared with the previous month, figures from the Office for National Statistics have shown.
The decline was bigger than expected, but sales volumes over the past three months were still 1.7% higher than the same period a year earlier.
Internet retailers fared best, with 10.7% of all sales now made online.
January's unexpectedly strong growth in sales volumes of 0.9% was revised down to 0.3% by the ONS.
Sales volumes figures strip out the impact of inflation.
Analysts suggested that February's figures were further evidence of the continued squeeze on consumers.
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