CBI trims growth forecast and calls Brown optimistic
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The CBI accused Gordon Brown of being &quot;too optimistic&quot; over the health of the economy yesterday, as the employer&#39;s organisation downgraded its own forecast for GDP growth next year.
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The Bank of England says the room for further rate cuts is limited as it predicts slower growth and rising inflation.
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The economy grew at a weaker-than-expected rate in the final three months of last year, the government's latest estimate on Wednesday showed, as businesses built fewer inventories and consumers spent less.
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A joint plan by five central banks aimed at easing the credit crunch in financial markets has been welcomed by UK Prime Minister Gordon Brown.
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It appears to be avoiding dire predictions of a sharp rise in unemployment and a loss of business confidence.
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The UK economy is growing faster than predicted says Gordon Brown as he delivers his 10th pre-Budget report.
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Investment bank HSBC has revised   downward its forecast for 2007 economic growth and cautioned   that the risk of an outright recession is growing as a retreat   in housing threatens household balance sheets.
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LONDON: A leading business group cut its 2005 forecast for British economic growth yesterday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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London equities stayed in neutral gear on Friday, after news of stronger-than-expected third quarter GDP growth dashed hopes of an interest rate cut in November.
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Prime Minister Gordon Brown, hit by a series of setbacks in late 2007, indicated in an interview Sunday that he will not shrink from big decisions, as 2008 shapes up to be as torrid as recent months.
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British Chancellor of the Exchequer Gordon Brown said Thursday the government had hit its economic target set for 2004. Delivering his pre-budget report to the House of Commons
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Gordon Brown unveils changes to the way Bank of England monetary policy committee is appointed.
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Treasury chief Gordon Brown said Thursday that the British economy will continue to grow strongly in 2004 and that the government will meet key targets on public borrowing, bettering the expectations of many economic forecasters.
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More bad news about the health of the UK economy emerged on Thursday as the Confederation of British Industry cut its GDP forecast for this and next year
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The UK economy is set to slow markedly in 2005, consultancy firm Deloitte warns, with growth of just 2%.
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The UK economy will see its weakest period of growth in 15 years and risks a recession, a report warns.
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The British-based bank delivers an upbeat outlook and modest writedowns.