The Institute of Directors (IoD) wants a further £50bn in quantitative easing, on top of the £200bn already injected into the economy to boost the money supply.
"Monetary policy needs to help ensure a sustainable recovery is in place before the public sector recession begins," said Graeme Leach, IoD chief economist.
"Yes, inflation is above target now, but a double-dip recession would raise the spectre of deflation. The growth threat is more of a danger than inflation."
Despite better than expected services sector data yesterday, industry surveys have been pointing to a slowdown in the UK recovery, writes the Telegraph.
Cuts threaten to knock recovery as jobs 'flatline'
The British economy is facing a sharp slowdown during the third quarter, with a possible contraction arriving at the end of the year.
Experts are forecasting that, as with the emergency Budget in June, the government's spending review itself on 20 October threatens to erode business and household confidence still further - long before any cuts come into effect, writes the Independent. Fears are also growing the UK will witness a "jobless recovery".
The Bank of England's Monetary Policy Committee meets today and will announce its latest decision on rates and quantitative easing tomorrow.
IMF chief warns of currency war after Japan's rate move
The Bank of Japan's surprise move to reinstate zero interest rates has led to a warning of the danger of a currency war from the head of the International Monetary Fund.
Dominique Strauss-Kahn warned moves by central banks across the world to cut interest rates and carry out billions of pounds worth of quantitative easing could upset the global economic recovery as currencies chased each other ever lower, reports the Telegraph.
Japan surprised markets by adopting a zero interest rate policy and announcing plans for quantitative easing (QE) in an attempt to inject fresh stimulus into the economy.
Ireland must honour debts, say business boss
Ireland's business federation has joined foreign creditors in warning a default by Dublin on the junior debt of Anglo Irish Bank and other lenders guaranteed during the crisis would be a breach of faith.
"Ireland should honour its debts if it can," said Danny McCoy, head the Irish Business and Employers Confederation (IBEC).
"The country makes a living taking capital from people and looking after it, and you don't want to get a reputation for carrying out partial defaults," he told The Telegraph.
Ireland's financial services industry is around 9.8% of GDP, with big players such as Merrill and Citigroup operating from Dublin's 'Canary Dwarf', writes the Telegraph.
But foreign investment is also the lifeblood of the country's manufacturing industry, led by computers and pharmaceuticals.
IMF urges governments to maintain support to banks
Still feeble banks are the global economy's "Achilles heel", the IMF warned yesterday as it advised governments to make "the timing of planned withdrawal of some monetary and financial support more contingent on improved bank health".
In its latest Global Financial Stability Report, the fund says progress to restore stability has suffered a setback, with markets still "sensitive to negative surprises", writes the Independent.
"Nearly $4 trn (£2.5trn) of bank debt will need to be rolled over in the next 24 months," the IMF said. "Planned exit strategies from unconventional monetary and financial support may need to be delayed until the situation is more robust, especially in Europe."
Buffett slams Wall Street pay
Warren Buffett, the billionaire investor, has hit out at pay practices on Wall Street, attacking the lack of reform despite two years passing since the financial crisis struck.
"People have a propensity to gamble, and it gets made easier and easier for them," Mr Buffett told a conference in Washington DC yesterday. "One of the problems we still have is we have unbalanced incentives for managers of huge financial institutions."
In future, writes the Telegraph, chief executives of banks who need government assistance should "go broke", said Mr Buffett. Their wives "should go broke, too", he added.
Cameron bows to middle class fury over plan to scrap child benefit
The government plans to introduce a tax break for married couples by 2015 amid middle class anger at the decision to scrap child benefit for high-earners.
With some comparing it to Gordon Brown's disastrous policy to abolish the 10p tax rate, the Prime Minister suggested today he would introduce new measures to help stay-at-home mothers, writes the Daily Mail.
Labour claimed that the policy was 'unravelling' after the Children's Minister said the move to slash welfare from 1.2million families might need revising.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress