Britons' fears raise double-dip recession chance - papers

The July Consumer Confidence index from GfK NOP fell for a fifth month in July, by three points to -22, reports the Telegraph. It is the lowest reading since August 2009, when the British economy was still contracting. It was also the first opportunity consumers had to respond to the austerity measures announced in the Government's emergency Budget in June which will bear down on households over the coming months and years. Britain is facing an unsavoury combination of high inflation, high unemployment and potentially low growth for the remainder of 2010 and for much of 2011. Although...