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You are here: News front page > King: UK faces 'choppy recovery'


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King: UK faces 'choppy recovery'

King: UK faces 'choppy recovery'
The Bank of England today raised its inflation forecasts for the UK economy and downgraded growth forecasts but the government has been quick to play down fears of a double-dip recession. Energy secretary Chris Huhne said the UK has "strong forces pushing us towards prosperity" but former chancellor Alistair Darling accused the coalition of "gambling on the economics of austerity". The governor of the Bank of England Mervyn King warned the UK economy faces a "choppy recovery" over the next two years. The debate comes as consumer morale fell to its lowest level since May 2009, reflecting a bleaker view of the economy following June's austere budget.
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