UK

CATWALK

A leading thinktank has urged the government to take drastic steps to stimulate economic growth in the UK, as another forecast a 50/50 chance of a triple-dip recession.

Ashcourt Rowan is restructuring part of its business as it expands across the UK to service clients post-Retail Distribution Review (RDR).

Sir Mervyn King, the Bank of England's Governor, told the Chancellor that £37bn cash the Treasury claimed from the QE programme will not help the UK's finances.

PLATFORMS

UK

CONTRACT IS KING?

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.

The UK is out of recession and had its strongest quarter in two years over the three months to September, according to NIESR.

The International Monetary Fund (IMF) has told the UK to prepare to revise its economic strategy if growth continues to disappoint, the FT reports.