View more on these topics

Darling to admit recession worse than feared

The Chancellor Alistair Darling is expected to reveal in his pre-Budget speech that the economy has contracted 4.75 per cent in 2009.

The revised figure compares to the 3.5 per cent contraction Darling predicted for 2009 in the Budget earlier this year.

Darling is also expected to signal that the recovery has now begun, with growth in the last quarter of this year and to forecast between 1 and 1.5 per cent growth for 2010.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com