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Budd Says Double-Dip Recession in U.K. Is Possible

Alan Budd, who stepped down as chairman of the Office for Budget Responsibility last week, said there is a risk that Britain slides back into recession.

“Our fan charts show it is a possibility,” Budd said in an interview with BBC Radio 4’s “Today” show. “It’s not to me the most likely outcome -- the most likely outcome is that the economy will continue to grow -- but one can’t rule anything out.”