Tuesday 13 October 2009

UK faces another quarter of recession

Independent
"The accountant Pricewaterhouse Coopers also released its latest forecasts yesterday, highlighting the need for the Government to plug a £43bn hole in the public finances, even if Britain does return to some kind of growth. It dismissed the Government's announcement of a £16bn sale of public-sector assets as not being sufficiently large to alter its "fundamental view", and pointed out that the broad outline of the policy already been announced in the Budget by the Chancellor, Alistair Darling. The BCC's poll will dash hopes that the UK will indeed be shown to have returned to positive growth this quarter when official figures are released in ten days' time."

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