Economy U.K sinks deeper into recession Add to ... Reuters Video Published Thursday, May. 24 2012, 10:23 AM EDT Last updated Thursday, May. 24 2012, 10:24 AM EDT The U.K. is already in a double dip recession - but it was deeper in the first quarter of the year than was first thought. The U.K. is already in a double dip recession - but it was deeper in the first quarter of the year than was first thought. Watch More Video: Wall Street hits record as Bernanke pulls back Fed scales back bond-buying program FedEx fails to deliver Amazon delivers despite strike Who wins in Ottawa’s wireless crackdown? Euro zone moves towards banking union Package holiday revival helps TUI AG On the job with a chocolatier Escaping the shadow of Australia's commodities giants How newcomers to Canada can build their credit rating The fun side of strategy, according to Roger Martin Gas deal offers Europe relief from Russia Will GSK's payment ban set a precedent? Obama meets with technology company executives Comcast may buy Time Warner Cable Third-term Merkel faces energy, Europe challenges Tips for creating an effective resume Mark Mobius: Tapering's insignificant, frontier markets are where it's at Why Preet Banerjee decided to sell his house and rent Young, conservative investor wonders if he's taking enough risk Comments AA More Related to this Story Economy Video: U.K. bank boss warns of continental 'storm' euro zone Video: IMF recommends U.K. rate cut Europe Video: U.K. to euro zone 'make up or break up'