Lloyds Bank says UK economy improving slightly – on course to avoid recession

LLOYDS BANK, Britain’s biggest high street bank, thinks theUK’s economic position is modestly improving and that the nation remains ontrack to avoid a recession. While that is, as Lloyds chief financial officer WilliamChalmers admitted, a “pretty modest set of adjustments” they will be welcomedby the government and the Bank of England given the bank’s market power. For the first nine months of the year Lloyds made profit of£4.3 billion, up 46%.