The UK will come out of recession in the second half of the year, bouncing back from negative growth in the first two quarters.
The investment management sector's low reported levels of compliance spending are "hard to believe", according to a quarterly survey from the CBI and PwC.
Britain will avoid a double dip recession and modest growth should restart later this year, according to the CBI.
The president of the Confederation of British Industry (CBI), Sir Roger Carr, has called for an end to the "demonisation" of banks, energy companies and the defence industry.
The government's plans to ringfence UK banks' retail businesses are 'barking mad' and could threaten the fragile economic recovery, the chief of a leading British business association has said.
The UK economy will only grow at a "sluggish" rate this year, according to the CBI.
Portugal has moved a step closer to implementing a €78bn bailout programme after the country's Social Democrats (PSD) won a conclusive victory in the general election yesterday.
Inflation will stay "stubbornly high" this year, pressuring the Bank of England to up interest rates from the second quarter, according to the Confederation of British Industry.
The CBI predicts the UK economy will grow at a slightly faster rate than expected in 2010, but growth will be more ‘sluggish' than previously thought in 2011 thanks to the emergency budget.