One third British business bosses fear recession in 2012

Last Updated: Wednesday, February 22, 2012, 12:16

Around 35 percent of directors of British business firms think there is a high risk of a recession this year, says a survey.

UK economy heads for recession, may draw more QE

Last Updated: Wednesday, January 25, 2012, 22:23

Britain's economy may have entered a mild recession in the last three months of 2011, hampering the government's core policy aim of spurring growth and raising the chances that the Bank of England will inject more cash soon.

Brazil pips UK as sixth-largest economy: CEBR

Last Updated: Monday, December 26, 2011, 19:51

The banking turmoil of 2008 and the subsequent recession has relegated UK to the seventh spot in 2011, behind Brazil, which has boomed on the back of exports to China and the far east.

Moody's says euro crisis danger to UK top-debt grade

Last Updated: Wednesday, December 21, 2011, 09:14

The continuing crisis in the eurozone is also posing a threat to Britain's top debt rating as further shocks to the country's economy could derail the government's efforts to balance the budget, ratings agency Moody's said on Tuesday.

2011 growth forecast cut to 0.9 percent

Last Updated: Monday, October 17, 2011, 08:52

Britain's economy has stalled and will grow less than expected this year, despite the Bank of England's latest injection of 75 billion pounds to try to stimulate a faltering recovery, forecasters said on Monday.

UK recession fears grow as output weakens

Last Updated: Tuesday, October 11, 2011, 22:14

The economy risks slipping back into recession after barely growing in the third quarter, a business group said on Tuesday, as data showed that manufacturers are running out of steam.

Osborne flags new scheme to allow credit easing

Last Updated: Tuesday, October 4, 2011, 00:16

Chancellor George Osborne flagged a new scheme on Monday to funnel lending directly to companies starved of credit by banks, trying to get economic growth back on track without breaking his pledge to cut public spending.

UK economy facing serious problems: Deputy PM

Last Updated: Monday, September 19, 2011, 09:16

The economy faces "very serious" problems but the government will not veer from a path of swinging austerity cuts to tackle a big budget deficit despite anaemic growth, Deputy Prime Minister Nick Clegg said on Sunday.