Tuesday, 5 May 2009

Brussels sees UK economy contracting 3.8%

By Chris Giles, Economics Editor

Published: May 4 2009 14:48 | Last updated: May 4 2009 23:52

Britain’s recession will be shorter and shallower than for much of the rest of Europe, the European Commission forecast on Monday.

But it warned that the country’s public finances would be among the worst in the 27-nation bloc.