Cable: UK could face Japan-style 'lost decade'

clock

Business secretary Vince Cable has said the UK could see a triple-dip recession, and event a Japan-style 'lost decade' of zero growth.

Speaking to the Observer, Cable (pictured) was asked if Britain's economy might endure a 'lost decade', and he admitted it could. "There is a real worry about [that], a real risk of that," he said.  Questioned on whether the UK could fall back into recession, he said: "Well, there is certainly a risk. I always try not to get drawn into forecasting arguments [but] there clearly is a risk. The most likely outcome is that we continue bumping along the bottom." His comments come as Treasury chief secretary Danny Alexander said the UK is not heading towards a triple-dip recession. Alexa...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

IMF urges Reeves to 'refine' fiscal rules as it upgrades UK's economic outlook

IMF urges Reeves to 'refine' fiscal rules as it upgrades UK's economic outlook

To minimise policy changes

Linus Uhlig
clock 27 May 2025 • 2 min read
Bitcoin hits record high as US embraces digital currency

Bitcoin hits record high as US embraces digital currency

Backed by investors and states

Patrick Brusnahan
clock 22 May 2025 • 2 min read
UK borrowing soars past £20bn in April 2025

UK borrowing soars past £20bn in April 2025

Fiscal tightening might be 'inevitable'

Patrick Brusnahan
clock 22 May 2025 • 1 min read
Trustpilot
Loading page