Tag: UK economy

• Saturday, September 11th 2010 - 18:22 UTC

  Developed nations slowdown “more pronounced than anticipated” says OECD

  

  The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, a leading global economic group has said. The Organisation for Economic Co-operation and Development (OECD) said the slowdown had been more “pronounced than anticipated”.

• Friday, August 13th 2010 - 02:40 UTC

  UK faces “choppy recovery” in the next two years warns Bank of England

  

  The UK economy faces a “choppy recovery” over the next two years, the governor of the Bank of England, Mervyn King, has warned. His comments came as the Bank lowered its economic growth forecast and said inflation would stay higher for longer than previously forecast.

• Tuesday, June 29th 2010 - 05:04 UTC

  European crisis ‘key risk’ for UK banking sector, warns Bank of England

  

  The European debt crisis is a “key risk” to the UK's banking sector and banks should build up their cash reserves in response, the Bank of England has warned. In its latest financial stability report, the central bank welcomed recent measures taken by the EU to stem the crisis.