Thursday, April 3, 2008

“home owners coming off fixed rate mortgages and having to spend more on new deals could act as the spark that ignited a recession”

A-rated Hall warns chance of UK recession nearing 50%

The UK is currently poised on a knife edge teetering close to recession, Rensburg’s Citywire A-rated Mark Hall has warned. The manager of the Rensburg UK Select Growth trust said the UK economy, which has so far weathered the storm in markets to a degree, could slide into a recession if consumer spending dried up. He said: ‘The UK economy is still on a knife edge and it’s approaching a 50% chance of recession, although I’m not sure which way it will go.’

Posted by jack c @ 05:21 PM (468 views)
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