London: Britain will go back into recession if the government fully implements the spending cuts necessary for a sustained economic recovery, Hargreaves Lansdown chief executive Peter Hargreaves said.

British investment management firm Hargreaves Lansdown today shrugged off the turmoil in global markets to post a 58% rise in profits.

Investment management firm Hargreaves Lansdown surged in value today after its shares made an impressive debut on the London Stock Exchange.