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DAILY TELEGRAPH
Lottery winner's estranged mother 'ecstatic' for son - Fri, 10 Feb 2012 06:59:56 GMT

Lottery winner's estranged mother 'ecstatic' for son - Fri, 10 Feb 2012 07:03:08 GMT
No man is an island - except here on this little patch of Cornwall - Fri, 10 Feb 2012 06:59:56 GMT
Police swoop on military gun collector as he drives to his mum's - Fri, 10 Feb 2012 06:45:15 GMT
BBC 'buried Savile sex abuse claims to save its reputation' - Fri, 10 Feb 2012 06:40:58 GMT
Nimrod destruction cost taxpayer £3.4bn as MoD ignored 'cost implications', MPs say - Fri, 10 Feb 2012 06:40:39 GMT
'Nazi stag party' MP accused of texting and dozing at Auschwitz - Fri, 10 Feb 2012 06:30:42 GMT

FINANCIAL TIMES
Eurozone dismisses Greek budget deal - Thu, 09 Feb 2012 18:58:47 GMT

Eurozone dismisses Greek budget deal - Fri, 10 Feb 2012 00:07:16 GMT
Germans concerned over Draghi liquidity offer - Thu, 09 Feb 2012 18:58:47 GMT
Citigroup takes $50m loss in Libor probe - Thu, 09 Feb 2012 20:22:41 GMT
Chinese imports fall sharply in January - Fri, 10 Feb 2012 04:46:54 GMT
Bank of England lifts stimulus by £50bn - Thu, 09 Feb 2012 12:49:37 GMT
Delay to Greece deal damps Asian markets - Fri, 10 Feb 2012 03:35:15 GMT

BBC NEWS
BBC News - Business - Fri, 10 Feb 2012 07:03:03 GMT

BBC News - Business - Fri, 10 Feb 2012 07:35:08 GMT
Barclays' profits fall to £5.9bn - Fri, 10 Feb 2012 07:03:03 GMT
Greece given tough bailout terms - Fri, 10 Feb 2012 07:39:44 GMT
China's exports and imports fall - Fri, 10 Feb 2012 03:54:04 GMT
Shock loss for India's Tata Steel - Thu, 09 Feb 2012 18:48:09 GMT
Bank injects £50bn into economy - Fri, 10 Feb 2012 00:00:23 GMT
Redknapp trial cost £1.3m so far - Thu, 09 Feb 2012 23:17:40 GMT
 
 

EC warns that the UK will go into recession

The EC yesterday cut its economic growth forecast from 1.7% to 1.1% and thus predicted that the UK economy would shrink in the second half of the year.

11 September, 2008

The commission went on to say that recession also looks on the cards for some other european countries including Spain. Britain however will be one of the hardest hit with a fall in output of 0.2% in the third and fourth quarters of this year.

The growth forecast for the eurozone nations was cut from 1.7% to 1.3%. However, Jean-Claude Trichet, the president of the European Central Bank remained positive about the future saying: "we will have gradual recovery over the next years after the present depressed episode."


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