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: Bull vs. Bear: Is it time to roll the dice on oil stocks? The holiday hustle: getting shoppers in-store Will lack of funds hurt EU growth plan? Holiday firm Thomas Cook hit by shock CEO exit Deere cuts profit outlook as farmers buy fewer tractors South Korean shoppers keeping wallets closed Russian chill in Europe's ski resorts Who will be my executor and power of attorney? Help wanted: Skilled trades workers and (real) cowboys Buy American… in Canada? Talking Management Video: Why communication is key for virtual teams Five years after the auto bailout: Where did the money go? Tiffany's sales sparkle in U.S. Twitter #fail: CFO accidentally tweets about deal Canada's cowboy shortage driving up burger prices BlackBerry wants you to trade your iPhone for cash HBC CEO talks retailer's real estate strategy Market Call Tonight: Top picks from Goodreid's Gordon Reid Streetwise: Nigel Wright's back and deal making at Onex Hackers target business travellers 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'