Warning as UK just avoids recession

AOL Money Staff
Bank of England
Bank of England

The UK has narrowly avoided a double-dip recession but will struggle for the rest of the year unless businesses stop hoarding cash and start investing, a forecaster has warned.


Emergency measures from the Bank of England, European Central Bank and US Federal Reserve have boosted confidence and stabilised financial markets, pulling the UK back from the brink of recession, the Ernst & Young ITEM Club said.