Economy plummeted 6.4 per cent during recession

THE UK economy's nosedive during the recession was even steeper than first feared, official figures showed today.

Output slumped 6.4 per cent from its peak in the first three months of 2008 - bigger than the 6.2 per cent slide previously estimated, revised data from the Office for National Statistics (ONS) showed.

The economy began its pull-out from the record slump in the final quarter of 2009 and grew by 0.3 per cent in the opening three months of 2010 - in line with earlier estimates.