BBC News | The Economy | UK economy to grind to a halt

BBC News | The Economy | UK economy to grind to a halt ()

  „Business: The EconomyUK economy to grind to a haltManufacturing hits 5-year lows as CBI warns of growth haltThe Confederation of British Industry (CBI) has predicted the UK economy will "grind to a halt" by mid-1999 and called for a quick cut in interest rates. In its latest monthly Industrial Trends survey showing manufacturing orders at a five-and-a-half-year low , the CBI downgraded its forecasts for overall economic growth but said it still expected a 'soft landing'. The CBI's chief economic adviser, Kate Barker, said: "We now expect economic growth over the next three quarters will almost grind to a halt, so we believe an early cut in interest rates is vital to prevent the economy slipping further than necessary." It would still be possible for the Government's inflation target to be met after an interest rate cut, Ms Barker added.“

http://news.bbc.co.uk/hi/english/business/the_economy/.../ 159505.stm - Cached

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  „Other organisations working in this field include the International Federation of Alternative Trade (IFAT) and the British Association of Fair Trade Shops (BAFTS).“

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  „And his coffee mocha was worth ten times it's weight in international trade secrets.Our spy strode into the British Security Communitie's favourite coffee house without a second thought.As he waited in line, our spy surveyed the blackboard that hung on the wall above Mustapha's head. Mustapha was cleaning a glass using a teacloth when the spy approached the counter."How may I help you sir?" Mustapha inquired"I'd like to order the Double espreso with steamed milk and chocolate sprinkles.""Grande or Regular?" asked the owner pointedly."Dammit - I always forget his part...er...um...Grande?""Close enough." shrugged Mustapha, "but you look quite odd in all the getup Si Bob, you should take notes from Guy how to dress up and be sneaky - he's terribly good at that sort of thing.""Here are you groceries Mr Kofi." said Bob reaching into the deep pockets of the trenchcoat and producing a bag of grapes and some fresh fruit."Most kind young man, I'd hurry up though if I were you, the others are already in the basement, I'll have the coffee sent down to you. Extra chocolate sprikles for you. I'll buzz you in - one second."Bob settled himself down at the table in the alcove Mustapha pressed on the secret pedal hidden under the counter and in the corner Bob was suddenly whiped round through the secret wall into the stairwell on the other side.He made his way down the steep flight into a long gloom, periodically off-set by single strip lighting that continued onto vanishing point.“

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  „Fortune's overseas adventures included investigations into the commercial opportunities in growing tea. Commissioned by the British East India Company, he disguised himself as a Chinese peasant as he smuggled out cuttings of the tea plant Camellia sinensis from China into India. These cuttings enabled India and Ceylon to become established as major growers and exporters of tea.“

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