Panorama

The Slide into Slump (1992x16)

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Now that it is officially admitted that Britain's current economic recession is the longest since the Second World War, a bitter debate has broken out about its origins. Economists and politicians are divided over a question which lay behind the election campaign: what caused Britain's recession and was it avoidable? Peter Jay , the BBC's Economics Editor, talks to those who have shaped Britain's recent policy and asks was the slump inevitable?