CBI: Economy likely to remain flat through winter
The head of the Confederation of British Industry (CBI) gave this reaction to today's release of GDP figures for the fourth quarter of 2012:
– John Cridland, CBI Director-GeneralAfter a difficult year, the UK economy has ended on a disappointing note.
We think growth will continue to be fairly flat through the winter but momentum will gradually build later in the year, as the global economy picks up a little and confidence lifts.
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Defiant Osborne will not budge from policy of austerity
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Top economist delivers harsh verdict on GDP figures
Unusually frank words for the government from one of the City's top economists on today's dismal GDP figures.