Downturn in growth worries the CBI
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British manufacturers are reporting that their order books are at their lowest level since January, prompting the CBI to scale back its forecast for economic growth for 2005
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Budget impasses and growing deficit raise concern about long-term economic growth and retiree benefits.
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LONDON: The British economy braked sharply in the third quarter when growth slowed to 0.4 per cent, the weakest pace for over a year, as a string of interest rate rises took effect, official figures showed yesterday.
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Slow growth in Japanese bank loans has ignited concerns that the world's second- biggest economy may head into a recession.
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Worries about the credit crunch led to slower growth in UK manufacturing last month, industry figures show.
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CBI, RBS play the grinch The Confederation of British Industry (CBI) has been forced to scale back its economic expectations for 2008 amid growing concerns about the impact of the credit crisis on UK firms.â¦
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The CBI says thousands of manufacturing jobs could be lost in the next three months with exports falling and confidence low in many regions of the UK.
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A swathe of figures have provided further evidence of a slowdown in the UK property market. The Council of Mortgage Lenders (CML), British Bankers Association (BBA) and Building Societies Association (BSA) all said mortgage lending was slowing.
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The UK economy will see its weakest period of growth in 15 years and risks a recession, a report warns.
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UK growth could fall below 2% in early 2008 if the Bank of England continues to raise interest rates, a report warns.
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Some experts contend that high borrowing rates and low supply signal ongoing decline.
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Small UK firms are struggling to secure the loans they need to expand or even survive, a business group warns.
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Economic growth slowed sharply in the third quarter to its weakest level since the run-up to last year&#39;s Iraq war, reinforcing expectations the Bank
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Concern about interest rate hikes, the drop in new home construction, and tighter business inventories contributed to the decline.
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Banks, which have used a glut of cheap money to help fuel a boom in real estate and leveraged company buyouts, may face a rough ride when lending conditions turn sour, the Bank for International Settlements said on Sunday.
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The CBI says UK small and medium businesses expect domestic orders to fall in coming months.
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Business & money: Fears grow of market turbulence stunting global growth.