Recession to End This Year, Top Treasury Minister Says

Summary


TREASURY minister Stephen Timms today suggested the recession will be over before the end of the year.

The East Ham MP told the Evening Standard the UK economy will recover from the downturn in the second half of 2009. He also said the Government is doing "everything we can to support business through this difficult time".

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Recession to End This Year, Top Treasury Minister Says

His bullish outlook for the economy came less than two weeks before the Budget and split opinion in the City.

Asked if he agreed with the Chancellor's assessment in November tha...

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