Long, hard slog to recovery - papers

BRITAIN'S economy will finally make it out of recession in the last quarter of 2009, but will perform much less strongly in each of the next three years than the Government is currently forecasting, the CBI will say today.

The UK's biggest business group is expecting a weak economic recovery during 2010, reports The Independent, followed by two subsequent years of disappointing growth, with only moderate improvements in employment and wage settlements. Read more BRITIAIN is at risk of a mass sell-off of distressed properties that would send values into a double dip and impair the lending ability of banks, reports The Telegraph. The dire warning is contained in the Bank of England's latest Financial Stability Report, which was published last week. In the report, the Bank revealed its concerns about p...