CBI cuts outlook for UK economic growth but backs continued austerity

Britain’s leading corporate lobby group has insisted the government should press ahead with its austerity drive, despite warnings that another round of deep cuts could dent the recovery.

British leader Cameron to shake up his UK gov't

LONDON (AP) — British Prime Minister David Cameron is making the first radical overhaul of his Cabinet since taking office in 2010, amid a stalled economy and after a series of humbling policy reversals.

UK recovery has been weaker than in US, Germany, France and Canada

Britain has slipped behind Brazil in the global economic league table. The Bank of England has now kept the official cost of borrowing at 0.5% for three years and is part way through a third dose of electronic money creation.