Growth concerns, Royal Mail challenges, and deposit woes - here's your need-to-know business news roundup.
The UK economy will suffer “dismal” growth this year according to a new report.
The Ernst & Young Item Club expects to see growth of just 0.4 per cent during 2012. [BBC]
Royal Mail will receive its first direct challenge today as TNT begins delivering mail in West London.
The firm is reportedly planning to roll out a delivery service across the country. [Telegraph]
The UK could become a nation of renters unless the government helps first time buyers.
This is according to a new report from Countrywide, which found that an inability to afford a deposit was the most common factor preventing a house purchase. Less than a third of private renters are happy with their accommodation, according to the report. [Guardian]