Summary
THE best run for the British economy for 200 years as the Chancellor claimed last year looks as if it is heading for the buffers. A sharp deterioration in the nation's international trade together with the catastrophic slide on the high street could mean that a period of 52 quarters of consecutive growth is drawing to a close.
The worsening state of the economy was underlined by Mervyn King, the Governor of the Bank of England, in his most pessimistic speech to date. He warned that the 'business cycle has not been abolished'.See the full content of this document
Extract
Are We Heading for the Buffers?
The economy was not meant to subside this year. In his budget speech, ahead of the general election, Gordon Brown was still in optimistic mood about growth predicting ...
See the full content of this document
Sponsored links
