Economics guru warns on UK recession

UK - The threat of inflation in the UK is greater than the Bank of England's Monetary Policy Committee thinks, according to one of its nine influential members.

The MPC's most recent forecast predicted that there was a one-in-10 chance of a recession in the UK.

"In broad terms, I still think that the probability of a recession in the UK is significantly less than 50%, but it's significantly higher than the projection here [in the MPC's recent inflation report]," Sushil Wadhwani told a parliame