Economics / Markets

UK think-tank NIESR has revised down its growth forecast for the UK next year, despite a strong third quarter which has seen the economy emerge from recession.

ABSOLUTE RETURN

COST IS KING

PRESSURE POINT

WHAT'S HOT?

Former Conservative cabinet stalwart Michael Heseltine is to argue the coalition government cannot continue on its current economic path in a "damning" critique of its growth strategy.

Banking giant UBS could cut thousands of jobs in London as part of a plan to split its operations.

The UK Statistics Authority has called for a review into the early release of sensitive economic data after Prime Minister David Cameron appeared to let slip details of Q3 GDP ahead of time.

WHY SO CAUTIOUS?

UK GDP rose by 1% in the third quarter of 2012, bringing the UK out of recession with first positive quarter of growth this year and beating analyst forecasts of a 0.6% rise.