The economy

The Bank of England has left itself the option of pumping more money into the economy should the recovery begin to falter next year.

The number of households that are using their money to pay down debts or to boost their savings is on the increase and could be having an adverse effect on the economic recovery.

The UK economy is set to emerge from the recession during the fourth quarter of 2009, the CBI has forecast.

It has been estimated that a half of UK employees have made some form of pay sacrifice during the recession in an effort to preserve jobs.

UK households are upping their spend on green goods and services, albeit slowly, a new report has revealed.

Business groups greeted the Chancellor’s pre-Budget Report with a mixture of encouragement and dismay.

The Chancellor, Alistair Darling introduced a pre-election pre-Budget Report to the Commons that would, he said, “build a strong economy and a fair society”.

Pre-Budget Report 2009: an outline summary

The government should consider a rise in the rate of VAT as a way of closing the gap in public finances.

Over the past weeks, business organisations have been submitting their recommendations to the Chancellor ahead of the pre-Budget Report.