U.K. Prime Minister David Cameron called for the European Union to open talks with China on a full-scale trade deal, as the bloc seeks to curb Chinese goods that EU officials say are being dumped and subsidized.
The Confederation of British Industry backed Prime Minister David Cameron’s position on membership of the European Union in a report that said the single market is “fundamental” to Britain’s economic future.
Britain’s business lobby groups said the Labour opposition’s proposal to break up the “Big Six” utilities and cap power prices threatens the investment needed to avoid blackouts by the end of the decade.
Britain’s biggest business lobby raised its U.K. economic forecasts for this year and next after a surge in third-quarter growth and said the Bank of England will probably refrain from expanding stimulus next week.
The U.K. economy will escape a recession and the recovery will gain momentum this year, avoiding the need for more quantitative easing by the Bank of England, the Confederation of British Industry said.