Coalition tries to play down Vince Cable's warning of triple-dip recessionSubmitted by emalvini on Sun, 12/09/2012 - 14:31
Coalition tries to play down Vince Cable's warning of triple-dip recession
Both parties make light of business secretary's comment that third recession is 'certainly' and 'clearly' a risk
Juliette Jowit, political correspondent
The Guardian, Sunday 9 December 2012 14.12 EST
The coalition has attempted to play down a warning by the business secretary, Vince Cable, that Britain faces the risk of a triple-dip recession.
In an interview with the Observer on Sunday, Cable said the UK falling into recession for the third time since 2008 was "certainly" and "clearly" a risk – although he said the "most likely" scenario was that the economy would continue "bumping along the bottom" broadly as the Office for Budget Responsibility has forecast.