As the Senate prepares to vote tomorrow on advancing gun control legislation, advocates and foes are accelerating lobbying efforts. A prime target: Virginia Senator Mark Warner, a Democrat with an “A” rating from the National Rifle Association.
Britain’s economy shrank more than forecast in the fourth quarter as the boost from the Olympic Games unwound and oil and gas output plunged, leaving the country on the brink of an unprecedented triple-dip recession.
Britain’s deeper-than-forecast manufacturing slump, suggesting the economy remains mired in recession, may prompt the Bank of England to resume stimulus as soon as next week, Deutsche Bank AG and and Citigroup Inc. said.
A Labour Party government without a parliamentary majority would be a “nightmare scenario” for the pound, pushing it to its weakest level versus the dollar since March 2009 and close to parity with the euro, Investec Plc said.
The Bank of England will maintain the size of its bond-buying program next week as policy makers assess the impact on the economy of its new 61 billion-pound ($99 billion) credit-boosting program, economists said.
U.K. Chancellor of the Exchequer George Osborne may face a deteriorating economic outlook when he presents his second budget this week, as government forecasters predict weaker growth, higher unemployment and more borrowing, analysts say.