UK News

Insights from the UK and beyond

Thursday’s front pages

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guardian1505.jpg THE GUARDIAN: Recession alert as Brown fights back

Gordon Brown’s drive to recapture the political agenda with a programme of new laws to create “an opportunity-rich Britain” was badly shaken yesterday by King’s warning.

“The nice decade is behind us,” Mervyn King declared in funereal tones, warning that the economy was “travelling along a bumpy road” as he predicted rising prices would put a squeeze on take-home pay for millions of workers.

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FINANCIAL TIMES: No rate cuts before 2010

Britons should not expect another cut in interest rates for at least two years, the Bank of England indicated yesterday as it warned that inflation would rise far above its previous forecasts and persist at levels well above the government’s target until early 2010.

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DAILY TELEGRAPH: Recession danger is real, says Bank governor

The British economy faces the real risk of falling into recession, the Governor of the Bank of England has admitted.

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