'Close to zero growth' predicted

Press Association
Coins and notes
Coins and notes

The UK economy will show "close to zero" growth this year following four years of "unprecedented" weakness, an influential think-tank has warned.


A report from the National Institute of Economic and Social Research (NIESR) also predicted that unemployment levels will rise to almost 9% by the end of 2012 doing "permanent damage to the UK's productive capacity".