British economy headed for major recession, says EU.
Britain has been marked to be the worst performing country among the large European economies next year, the European Commission warned.
In a dismal forecast released yesterday, the commission said EU growth would drop from 1.4% this year to a lowly 0.2% in 2009. Economic growth in Britain will creep to 0.9% this year and the economy will shrink by 1% next year, said the report.
Meanwhile, the 15-country eurozone economy would grow by 1.2% this year and 0.1% next year.
The UK economy is expected to contract through the remainder of 2008 and isn’t expected to grow again until 2010.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
