Bank of England: UK still in danger of recession

The UK is still in danger of falling into recession, according to the Bank of England, but further emergency support is looking less likely amid concerns over inflation.

A sharp fall in construction output and a loss of activity around the forthcoming jubilee bank holiday could trigger further falls in gross domestic product (GDP), the Monetary Policy Committee (MPC) warned, following a 0.3% drop at the end of last year.