UK`s economy poised to recover far more quickly: Brown

Prime Minister Gordon Brown is "optimistic" about the UK`s economy growing at a decent rate in the next twelve months, even as he criticised the opposition for demanding cuts in public spending to check recession.

UK GDP falls faster than expected

Britain’s economy contracted by 5.6 percent over the past year as the country’s GDP showed a fall for the fifth straight quarter, the government data revealed.