Just as U.K. Prime Minister David William Donald Cameron announced his future plans for his country's membership in the European Union, there are signs that his austerity plans for Britain may not be working. U.K. gross domestic product contracted by 0.3% in the final quarter of 2012, which was worse than expected.
Cameron's future will be, in large part, determined by the direction of Britain's economy. As of today, those prospects appear a little dimmer. According to the Office of National Statistics detailed data:
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