BoE King - UK recession unlikely, more growth seen

UK - A recession in Britain is not the most likely result of the current global economic slowdown and the country should enjoy continued growth, albeit at a slower pace, Bank of England Deputy Governor Mervyn King said on Thursday 22 November in a speech.

Speaking to a Confederation of British Industry dinner, King said private consumption and investment may slow quite noticeably over the next year. He added that October's small rise in unemployment and signs of a cooling in the housing market