-
Bank of England to forecast zero growth in quarterly UK inflation report
The Bank of England is expected to forecast zero growth in its quarterly inflation report on Wednesday as the double-dip recession deepens and the eurozone crisis continues. The bank's governor, Sir Mervyn King, is expected to indicate no growth for 2012, compared with 0.8% predicted three months ago and 2% a year ago. The chancellor, George Osborne, will come under pressure as a result to soften austerity measures and move to boost growth in the economy. The IMF last month said the government should ease its fiscal consolidation, which includes spending cuts and tax reforms, if the recovery continued to stall. As ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 8, 2012 4:29am Aug 8, 2012 4:29am
- Guest
- | IP XX.XXX.226.178
- Comment #2
- Quote
- Aug 8, 2012 4:32am Aug 8, 2012 4:32am
- upasna
- | Joined May 2011 | Status: Member | 801 Comments
- Comment #3
- Quote
- Aug 8, 2012 4:35am Aug 8, 2012 4:35am
- twe232
- | Joined Jun 2012 | Status: Member | 4 Comments
- Comment #4
- Quote
- Aug 8, 2012 5:17am Aug 8, 2012 5:17am
- eqshack
- Joined Jul 2011 | Status: Lord Of War | 1002 Comments
Early to bed, early to rise, keeps you healthy, wealthy and wise.