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To avoid further recession, the UK must challenge the global banking elite by breaking free from the system that controls European countries with austerity measures, an economic expert says. Britain is heading for a triple-dip recession as new official figures reveal an unexpected fall in the country's manufacturing activity. In late February, Britain lost its top AAA credit rating for the first time since 1978. Credit ratings agency Moody's downgraded Britain's bond rating by one notch to AA1 due to the country's rising debt and slowing growth. Press TV has conducted an interview with Rodney Shakespeare, a professor of binary economics from London to further discuss the issue.
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