Double dips, mortgage rises, and Spanish recession - here's your need-to-know small business news roundup.
Britain is teetering on the edge of a double dip according to analysts.
It is thought that the latest figures from the Office of National Statistics, due out on Wednesday, will show growth of just 0.1 per cent during the first quarter. [ThisIsMoney]
Thousands of borrowers will see their mortgage payments rise on 1 May as standard variable rates increase.
Several banks have announced their rates will increase by 0.49 per cent, despite the Bank of England base rate remaining at a record low. [Guardian]
The Spanish economy has returned to technical recession according to its central bank.
The Spanish government expects the country’s economy to contract by 1.7 per cent during 2012. [ThisIsMoney]