Cable: UK could face Japan-style 'lost decade'

Business secretary Vince Cable has said the UK could see a triple-dip recession, and event a Japan-style 'lost decade' of zero growth.

Speaking to the Observer, Cable (pictured) was asked if Britain's economy might endure a 'lost decade', and he admitted it could. "There is a real worry about [that], a real risk of that," he said.  Questioned on whether the UK could fall back into recession, he said: "Well, there is certainly a risk. I always try not to get drawn into forecasting arguments [but] there clearly is a risk. The most likely outcome is that we continue bumping along the bottom." His comments come as Treasury chief secretary Danny Alexander said the UK is not heading towards a triple-dip recession. Alexa...