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Posted on 05.11.08 by Mary Lou Seymour
“The outlook for the UK economy has got worse and the Bank of England must act to stop a major downturn, the British Chambers of Commerce (BCC) has warned. The current economic slowdown will be more prolonged than previously thought, it argued, with consumer spending remaining weak until the end of 2009. The Bank of England must be more ‘pro-active’ in countering the threat to growth and business prospects.The Bank left interest rates on hold at 5% last week.” (05/11/08) Link: http://news.bbc.co.uk/2/hi/business/7394525.stm Filed under: RRND News | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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