Chancellor Alistair Darling will say in his pre-Budget report that the economy performed worse in 2009 than he first predicted, Treasury sources have said.
Mr Darling is expected to say that the UK economy shrank by 4.75% this year - more than the 3.5% originally forecast in the Budget in March.
The adjustment follows the economy’s unexpectedly [...]
Posts Tagged ‘Office for National Statistics’
Recession ‘worse than estimated’
November 30th, 2009 by Mortgage Writer
Tags: news, Office for National Statistics, treasury
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