After a year of economic fears Gordon Brown may be faced with a recession
Updated on 22 August 2008
The economy has flatlined, recording zero growth in the second quarter of this year.
It means an interest rate cut is now more likely, good news for consumers already struggling with rising fuel and food bills.
The last time the economy was this bad was in 1992, when a pint of milk cost 38p, and the Queen experienced her "annus horribilus".