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CBI: UK Economy 'worse than thought'.
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WTF?_2
Posts: 4,592 Forumite
http://news.bbc.co.uk/1/hi/business/7552336.stm
The CBI, the UK's largest employers' organisation, has warned that the UK economy is deteriorating faster than it previously thought.
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Forecasters, including the CBI, had been "over-optimistic" about the economic outlook, he added.
High inflation and slowing growth have prompted fears of a possible recession.
..
"A year ago it seemed reasonable to hope that the worst would be over by now. That has not turned out to be the case."
Reality slowly sinking in.....
The CBI, the UK's largest employers' organisation, has warned that the UK economy is deteriorating faster than it previously thought.
..
Forecasters, including the CBI, had been "over-optimistic" about the economic outlook, he added.
High inflation and slowing growth have prompted fears of a possible recession.
..
"A year ago it seemed reasonable to hope that the worst would be over by now. That has not turned out to be the case."
Reality slowly sinking in.....
--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
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Comments
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Is this a CBI apology for their selfish calls for rate cuts, when rate hikes would have been wiser?
Or is this the CBI calling for rate cuts again?
Cue the 'Unimpressed by those with forked tongues' emoticon0
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