Economic recovery 'not yet secure'

London (AFP) - Business lobby group the British Chambers of Commerce (BCC) on Tuesday warned that sustained economic recovery was "not yet secure" due to potential imbalances in the system.

IMF advises delaying austerity until growth returns

Cutting government spending in a crisis will condemn a country to an even deeper recession and inflict “permanent” damage on the economy, the International Monetary Fund has warned.

Shock trade figures deal a blow to UK recovery hopes

Britain's trade deficit widened sharply to a record high in June as exports collapsed amid the eurozone crisis, dealing a blow to hopes that trade will drive a recovery.

Britain faces £50bn more spending cuts and tax rises to cover elderly care, warns IMF

Britain faces another £50bn of spending cuts and tax rises to cover the costs of age-related care and put the national debt under control, the International Monetary Fund has warned.

British Chambers of Commerce raises new fears for UK growth

Business lobby group casts doubt over official UK growth estimates but still supports government plans to reduce deficit

Britain's economy will grow more slowly this year than has been forecast in official estimates, according to the British Chambers of Commerce (BCC), due to a weak first quarter and the impact of bank holidays and the royal wedding. Despite the sluggish performance, the lobby group said that it still backed the government's drastic plans to reduce the deficit, but called for more to be done to help businesses take up the slack caused by cutbacks in the public sector.