Britain risks sliding into a double-dip recession before the end of this year as the government's promised austerity measures spook businesses into their own hefty cutbacks, according to research.

The accountancy firm BDO warned today that confidence among UK companies had been hammered in recent weeks. Businesses are now at their least optimistic since the depths of the recession last year, and BDO believes this indicates that the economy may start contracting again as early as the fourth quarter of 2010.

Peter Hemington, BDO partner, said business leaders had heard George Osborne's tough talk on spending cuts, and had resolved to slash recruitment and rein in other expenditure. This is a mistake, Hemington believes, as the real pain will not be felt until 2012 and beyond.

http://www.guardian.co.uk/business/2010/sep/13/double-dip-recession-looms-business-cutbacks

http://uk.reuters.com/article/idUKLNE68C00X20100913

http://www.mirror.co.uk/news/top-stories/2010/09/12/britain-s-top-union-boss-warns-of-a-double-dip-recession-115875-22554853/

We have gone past ordinary recession, waka thru double recession, now we don dey talk double-dip recession. Man, we're moving up levels.

Don't think there will be a double dip. Just a slow grinding recovery with very little job creation.

Its certainly a possibility.

lets watch and see