Saturday, April 4, 2020
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Tag: recession

Pressure grows on Osborne as Bank of England forecasts no growth...

By Martin Kelly  Chancellor George Osborne is being urged to invest in infrastructure after the Bank of England slashed its growth forecasts for 2012...

UK facing economic catastrophe as recession worsens

By Martin Kelly The UK is in the grip of the worst recession in half a century as figures released today show the economy...

Scottish jobs boost does not disguise need for UK policy change

The First Minister today called on the UK Government to urgently stimulate economic growth and jobs following the publication of new Scottish GDP and...

UK Construction falls sharply as Coalition urged to do more

By Martin Kelly The construction sector in the UK has contracted sharply over the last twelve months according to the latest official figures....

British recession worse than thought as figures revised downwards

By a Newsnet reporter  Official figures released by the Office for National Statistics (ONS) have revealed that the UK economy shrank by one third...

UK Economy “deteriorating” as trade gap widens to worst for seven...

By Martin Kelly  The UK’s already weak economy is deteriorating according to a leading Business analyst as latest figures show that the trade gap...

Greece euro survival likely but credit downgrade hits UK

By Andrew Barr  The prospects of Greece leaving the euro now seem unlikely, according to ratings agency Standard & Poor’s.  The agency has this...

Osborne under pressure as revised economic figures show UK slump worse...

By Martin Kelly The Conservative/Lib Dem coalition has come under increasing pressure to take action after revised figures showed the UK economic slump...

Plan B urged as IMF issue stark warning over weak UK...

By Bob Duncan  The International Monetary Fund (IMF) has issued a stark warning to the Westminster coalition that the UK economy is facing a...

Austerity is not the solution

By a Newsnet reporter If you have a mortgage, get ready to get poorer - mortgages are on their way up! In all...