BoE's Fisher warns 'significant chance' of UK double dip

MPC member Paul Fisher has warned the UK is at risk of another recession, less than two years since the last downturn.

Fisher, executive director for markets at the Bank of England, warned with growth slowing at the tail end of the year, the UK could "quite easily" see two quarters of negative growth. "I think it is a significant chance," he said in an interview with Bloomberg Television. "Looking at Q4 for example, at best it seems likely to be flat, and could easily have negative growth, so the technical outcome of two quarters of negative growth in a row could quite easily come about." Fisher's warning echoes fellow policymaker Adam Posen, who had been calling for more quantitative easing for th...