Call us: 01260 223540 | E-mail: [email protected]

‘UK remains weak but the threat of recession is over’

According to the National Institute of Economic and Social Research, the threat of recession has gone, but the UK’s recovery remains fragile.

The economy grew just 0.3pc in the three months to the end of April. The latest GDP figure from the National Institute showed a slowdown in month on month growth, which it said demonstrated a ‘picture of continued weakness in the UK economy’. The National Institute of Economic and Social Research said that although growth was likely to remain sluggish, the threat of recession was over.


Related posts

Farmland flying high

According to the most recent Land Market Survey by the Royal Institue of Chartered...

Base rate held

The Bank of England’s Monetary Policy Committee today held interest rates at its record...

Interest rates freeze

An economic adviser at big cheese accountants Ernst & Young reckons that question marks,...