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The BRC report prompted a stark warning from retail experts that high streets could be in for another sustained period of subdued spending.
ECONOMISTS have issued a growth warning for the Scottish economy amid fears the country will be hit even harder than the rest of the UK by the downturn which latest figures show has left Britain teetering on the brink of a double-dip recession.
SCOTLAND is set to avoid a double dip recession but will not see employment return to pre-2007 levels for a decade, according to the latest forecast from the Ernst & Young Scottish Item Club.
THE employment outlook in Scotland has deteriorated further as salaries and new vacancies continue to fall, according to a report published today.
DESPITE the recession sales of chocolate are booming with ethically traded and luxury brands soaring.
HIGH street banks are on the cusp of a second credit crunch that threatens to spark another wave of taxpayer bail-outs, a think-tank has claimed.
SCOTLAND is bearing the brunt of the recession with jobless and poverty levels north of the Border increasing at a higher rate than in England, according to a new report.
Bank of England Governor Mervyn King yesterday described the huge banking bailout as "unfair" and appeared to sympathise with calls for multibillion-pound tax evasion to be tackled when he spoke to union activists.
FEARS have been raised that the UK's recovery could be "on the turn" and heading towards a double-dip recession after there was a lower than expected fall in unemployment.
THE British economy is set to fare better than its rivals in the G7 nations in the third quarter of the financial year, international forecasters claimed yesterday.
THE head of the European Union has claimed that the worst of the economic crisis is over and the recovery is accelerating.
GOVERNMENT ministers are being warned not to sacrifice reform of the tax system as they push through a series of tough public spending cuts this autumn.
DEEP cuts to public spending expected from the coalition government will slow UK economic growth over the next two years but will not choke off recovery in 2013, an influential report will say tomorrow.
ECONOMIC recovery stalled in the first three months of this year, official figures today showed.
UK ECONOMIC growth almost doubled in the second quarter of this year, figures are this week expected to reveal, but economists are already warning that the recovery may have peaked.
THE number of unemployed Scots has increased again, despite the UK jobless total falling, figures released today show.
CONVICTIONS involving domestic violence have risen sharply as the recession, unemployment and money stresses lead to tensions in Scottish homes.
FORECASTS from the new independent watchdog for the UK's public finances sparked a war of words today a week before Chancellor George Osborne's emergency Budget.