date:May 24, 2013
rom a year earlier. Mervyn King, governor, Bank of England, said that a recovery is now in sight in the United Kingdom.
The central bank sees the economy expanding by 0.5 per cent this quarter after a growth of 0.3 per cent in the previous three months. Still, there are risks to the recovery, including the tensions in the euro area.
While inflation slowed to 2.4 per cent in the United Kingdom last month, it continues to outpace wage growth. GfK said, Consumer confidence declined in April as