The latest global economic research by Baring Asset Management’s (Barings) suggests that of the major global economies, the UK looks most vulnerable to a renewed dip into recession.
According to Barings, there is a slightly higher risk of the UK falling back into recession than there was a few weeks ago.
However, should the UK [...]
Bank of England policymaker, Kate Barker, said the UK is unlikely to return to recession.
In an interview over the weekend, Ms Barker, who is a former housing adviser to the Government, said it is possible, however, that the economy could contract for one quarter.
“It’s possible we will have a quarter when GDP falls, but [...]
Leading business group, the British Chamber of Commerce (BCC), has warned that the UK economy faces a “high risk of a relapse“.
The UK economy emerged from recession in the fourth quarter of 2009 by experiencing growth of just 0.3%.
However, all economists and reports have suggested that the recovery will be fragile, while others have expressed [...]
Having studied the latest figures from the Insolvency Service, Grant Thornton is predicting a glut of company failures in England and Wales during 2010.
Last year saw a record 4,161 companies placed in administration (up 1.7% on 2008) and the accountancy firm warns: “There is no light at the end of the tunnel for troubled companies [...]
A survey by accountants PricewaterhouseCoopers (PwC) revealed that many business managers are concerned that Britain is heading towards a double-dip recession (whereby the economy goes into recession twice without having undergone a full recovery in between.)
Last week, official figures revealed that the UK economy grew by 0.1% between the October and December period, suggesting that [...]
The long-awaited quarter four GDP figures are to be released at 09:30 today with the hopes that the UK has finally emerged from its worst recession in several decades.
The UK economy, which has now contracted for six consecutive quarters, has been lagging behind other major economies but it is hoped that the economy exited [...]