“It is clear that Britain is in the midst of the most prolonged period of stagnation it has faced in decades.”-John Longworth, British Chambers of Commerce

25 July 2012, Office for National Statistics announced another drop in GDP, for the third month in a row, officially putting the United Kingdom back into a recession.

U.K. economic performance data started being recorded in 1955, and the current situation is worse than anything on official record!

Officials with the Office for National Statistics are still adding up the costs of celebrating the queen’s Diamond Jubilee, but are already calling it a “significant hit” to the British economy.  Any public event involving the Royals is paid for by the government/taxpayers.

Some analysts say the Diamond Jubilee celebration actually stopped any economic recovery in Britain.

“They [government leaders] need to change course as their policies are causing permanent damage to our economy.”-Brendan Barber, Trades Union Congress