The deal is to be unveiled in Chancellor George Osborne’s November 29 autumn statement
Monday November 14,2011
By Alison Little
FEARS of a double dip recession were growing last night with the Bank of England set to downgrade growth predictions.
Analysts expect forecasts to be cut once again on Wednesday. In August the Bank cut its forecast for 2011 from 1.8 per cent to 1.5 per cent, warning of strengthening “headwinds” in the world economy.
Now it is widely expected to predict growth this year as low as one per cent and also to cut its expectations for next year, from just over two per cent to about one per cent.
There are also fears that unemployment figures will reveal the number of jobless under-24-year-olds has broken through one million for the first time since records began nearly 20 years ago. Last month’s figures showed youth unemployment at 991,000.
But ministers are drawing up plans by which private investors could finance a £50billion scheme to kick-start the economy with an infrastructure programme of toll roads, power stations and social housing.
 The deal is to be unveiled in Chancellor George Osborne’s November 29 autumn statement  |
The deal is to be unveiled in Chancellor George Osborne’s November 29 autumn statement.
I don't really need to comment on this as Max Keiser has already done it with perfect accuracy.
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