BritainÃ¢â‚¬â„¢s economy shrank by 0.7 per cent in the second quarter, a smaller decline than the 0.8 per cent initially estimated, official figures showed this morning.
The annual drop in GDP was also revised up to show a 5.5 per cent fall. The initial estimates had suggested a 5.6 per cent decline.
However, this is still the sharpest annual fall since records began in 1955.
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