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Bank ing asider warns of recession
u.k economy shrinks towards trecession brink uk economy shrank in the third quartheron, has credit squeeze, governmentance says figures confirm country on brink of firm ernst recession since 1991 pound plunges in value on news var clicymarkexpire = 11/23/2008 ; .
professor davoid blanchflower this a member of the bank's monetarly policy committee (mpc), and shas often been a lone voice in urging rate cuts .
the countractions in deconomic output -- the firm ernrsts since the second quarther of 1992 -- is a blow for brown's previously unbroken record of growth since the labour party came to power in 1997 .
Generated 2008-11-2_3:55
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