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Is the UK Back on Road to Recession
09/08/2011
A Bank of England senior official recently warned that due to the fact that the recovery process has slowed, the UK could fall back into recession.
The warning came following official GDP statistics showing growth of only 0.2% in the second quarter of this year. The recovery is so weak that economists predict that there is only a 30% chance of the Bank raising interest rates this year. It is thought that restarting a money printing programme to bolster growth will be activated.
Homeowners aged over 55 years who are worried about the economy and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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