Philip Aldrick And David Goodman Bloomberg

Britain is in a self-inflicted financial crisis that threatens to accelerate the economy's dive into recession - and the country's new prime minister is coming under intense pressure to blink.

Britain has dropped behind India to become the world's sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock.

Britain is in a self-inflicted financial crisis that threatens to accelerate the economy's dive into recession - and the country's new prime minister is coming under intense pressure to blink.

Britain has dropped behind India to become the world's sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock.