U.K. growth slowing as Europe weakens

LONDON (CNNMoney) -- The U.K. economy may contract further in the fourth quarter, and growth will be subdued for the foreseeable future, as the eurozone crisis dampens demand for exports, the Bank of England said Wednesday.

Britain's economy sinks far deeper into recession than forecast

LONDON: Britain's economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighbouring euro zone crisis.