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FROM OTHER NEWS SITES

DAILY TELEGRAPH
Bank of England injects £50bn into economy - Thu, 09 Feb 2012 22:36:53 GMT

Bank of England injects £50bn into economy - Thu, 09 Feb 2012 22:55:55 GMT
Villagers told move your cars so traveller's caravan can be towed onto 'illegal' site - Thu, 09 Feb 2012 22:36:53 GMT
Painter and decorator shares £45m lottery jackpot - Thu, 09 Feb 2012 22:29:05 GMT
People should be able to launch joint legal actions against rip-off corporate giants, under Labour plans - Thu, 09 Feb 2012 22:00:58 GMT
Leveson: not all journalism bad, just as not all doctors like Shipman - Thu, 09 Feb 2012 22:00:47 GMT
Tax breaks for hiring a cleaner could save middle class thousands - Thu, 09 Feb 2012 22:00:23 GMT

FINANCIAL TIMES
Greek parties agree €3.3bn austerity cuts - Thu, 09 Feb 2012 18:58:47 GMT

Greek parties agree €3.3bn austerity cuts - Thu, 09 Feb 2012 19:17:21 GMT
Germans concerned over Draghi liquidity offer - Thu, 09 Feb 2012 18:58:47 GMT
Citigroup in $50m loss on Libor probe traders - Thu, 09 Feb 2012 20:22:41 GMT
Bank of England lifts stimulus by £50bn - Thu, 09 Feb 2012 12:49:37 GMT
Euro firms on reports of Greek deal - Thu, 09 Feb 2012 23:34:54 GMT
Bumi investors open to Rothschild trade-off - Thu, 09 Feb 2012 19:49:33 GMT

BBC NEWS
BBC News - Business - Thu, 09 Feb 2012 18:48:09 GMT

BBC News - Business - Thu, 09 Feb 2012 23:21:45 GMT
Greece set new bailout conditions - Thu, 09 Feb 2012 18:48:09 GMT
Bank injects £50bn into economy - Thu, 09 Feb 2012 23:17:40 GMT
LinkedIn profits send shares up - Thu, 09 Feb 2012 21:50:52 GMT
US banks in mortgage settlement - Thu, 09 Feb 2012 10:25:36 GMT
UK trade gap smallest since 2003 - Thu, 09 Feb 2012 13:10:02 GMT
Bombardier gives jobs guarantee - Thu, 09 Feb 2012 15:26:09 GMT
 
 

UK is officially out of recession

The 18-month downturn is officially over with the ONS reporting that the UK economy grew by 0.1% in the final quarter of 2009.

26 January, 2010

The UK recession began in the second quarter of 2008 and since then the economy has contracted by 6%. Many experts had been expecting us to exit the recession in the third quarter of 2009, but the quarter showed a 0.2% contraction.

The UK is one of the last of the European economies to exit the recession. However, today’s figures are just an estimate and could be revised upwards or downwards once all the information has been collected.


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