UK recovery delayed

There is no doubt that the UK was expecting a slowdown in the latter half of this year and since the terrorist attacks in the US the downturn has steepened, but recovery is only expected to be delayed by two quarters. Interest rates have been cut by the UK government and the combination of worldwide rate cuts and the US announcements of tax breaks and infrastructure spending is expected to help global economies stabilise. Calvin Vaudin, investment manager of pan-European equities at Ashburton Investment Managers, is predicting that because the UK has fallen into a recession it could inc...