Monday, Dec 21, 2009

Economy in 2010 - by the CBI

Independent: British economy faces long hard slog to real recovery

"Next year, the business group is forecasting growth of 1.2 per cent – near the bottom end of the range of 1 to 1.5 per cent that Mr Darling forsees. Thereafter, the CBI is forecasting growth of 2.5 per cent in 2011, which would be insufficient to return Britain to its pre-recession growth rate by the end of the year. The Chancellor, by contrast, expects the British economy to grow by 3.5 per cent in both 2011 and 2012". "Mr Cridland said the Government will come under further sustained pressure to offer a clear roadmap of the return to health of the public finances, with international credit rating agencies continuing to monitor UK borrowing levels very closely".

Posted by alan @ 02:02 AM (1170 views)
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