Recession Has Bottomed in Britain

The CBI will today join the growing list of economists and business groups arguing that the UK recession is now bottoming out.

But despite the relative optimism, Britain's biggest employers' organisation says it has seen little evidence of green shoots of recovery in recent weeks, and warns that official statistics on the performance of the UK economy during the first three months of the year are expected to reveal that the downturn has been even more severe than expected.