BoE policymakers: UK economy has bottomed out | Reuters

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BoE policymakers: UK economy has bottomed out

LONDON (Reuters) - Britain is past the worst of the recession and should return to growth in the fourth quarter, two Bank of England policymakers said, in remarks which support government forecasts the economic downturn is nearly over.

Treasury sources told Reuters late on Thursday they expect the economy to grow 0.2-0.4 percent in the last three months of the year, bring to a close six quarters of contraction and Britain's longest recession in over 50 years.

Finance minister Alistair Darling is likely to stick with April's forecast of 1.0-1.5 percent growth for 2010 when the figures are reviewed in next month's pre-Budget report, the sources added.

This view chimes with the latest remarks from two members of the BoE's Monetary Policy Committee -- responsible for the central bank's 200 billion pound quantitative easing policy -- who see steady, if unspectacular growth ...

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