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The economy

Recovery from recession could be 'three years' away

The UK economy could take up to three years to regain the levels of growth seen before the recession hit, a think tank has predicted.

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Quantitative easing: how it may or may not help beat the recession

With interest rates approaching zero and little sign that making money cheaper is having any effect on the economy, the Bank of England has decided to make it more abundant as well.

Policy makers at the Bank have turned to a mechanism for adding money to the system: quantitative easing.

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Deflation reduces small business costs

The cost of operating a small firm has dropped as deflation replaces inflation during the deepening of the economic downturn.

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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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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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