The economy

Chancellor urged to delay date set for VAT increase

The British Retail Consortium (BRC) has said that the planned date for the restoration of the old rate of VAT will come at the worst possible time for businesses.

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Wages in decline and job vacancies falling sharply

Job vacancies are falling at a record rate, a new report has found.

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Bank urged to act 'rapidly' on money supply

The Bank of England needs to act “rapidly” and “forcefully” if the recession is not to deepen.

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Recession to deepen, warns CBI

A combination of a rapidly deteriorating global economy and the ongoing failure of UK businesses to get access to finance will mean that the recession is all set to worsen in 2009, the CBI has predicted.

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Why deflation is bad news

Inflation, like interest rates, the instrument used by the Bank of England to control rises in the cost of living, is on the way down.

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How long will the recession last?

On Friday 23 January 2009, the Office for National Statistics produced the figures confirming what everyone knew: that the UK economy was in technical recession, defined as two consecutive quarters of negative growth.

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Business groups call for government intervention on credit

Conditions will worsen for UK businesses over the next three months as a result of the squeeze on credit unless the government takes further action, the CBI has warned.

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Prolonged recession forecast

With new figures officially confirming that the UK economy is in recession, analysts and business owners are predicting a long haul to recovery.

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