British Chancellor Gordon Brown found his fiscal targets back in the firing line today after his forecasts for the next year were again dubbed optimistic.

BRITISH interest rates have now bottomed out unless house prices collapse, a report by The Ernst and Young ITEM club said.

THE British government may have to raise taxes to finance spending due to the effects of slower economic growth on the Treasury's income, a new consultancy report suggests.

The UK economy will narrowly avoid falling into recession, according to new research.