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UK economy deteriorating, says BCC
Mallotum_X
Posts: 2,591 Forumite
The UK economy deteriorated in the third quarter and is showing signs of stagnation, according to the British Chambers of Commerce (BCC).
The BCC says cashflow remains a real concern for many of the 6,700 businesses it surveyed.
Its director general, John Longworth, said recession could be avoided, but only through making "tough choices".
http://www.bbc.co.uk/news/business-15252840
However a bit of cool weather will sort it all out and see the economy back on track (just as long as it doesnt snow 'cos that would be the wrong kind of cold).
The balance of manufacturers creating new jobs fell, while in the services sector there was only a marginal increase in employment. There was little optimism in either sector about future recruitment.
Mr Longworth said: "The pace of the UK recovery will remain slow. We can avoid a recession but this relies on the government making some tough policy choices.
"While it is imperative that the government perseveres with its deficit-cutting plan, there must be a significant reallocation of priorities within the overall spending envelope."
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Comments
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Mallotum_X wrote: »However a bit of cool weather will sort it all out and see the economy back on track (just as long as it doesnt snow 'cos that would be the wrong kind of cold).
A word of warning. There's a chap on here who has copyrighted all snide comments about the economy and the weather. It's watertight and applies to flat screen TV's over 42" too.
There's still a gap in the market for jokey comments about the 1970's and iPhones though.0 -
UK economy deteriorating, says BCC
Bunch of bloody pessimists!
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In reality it has been sliding since the 70s it's just that we have run out of short term fixes all this quarterly talk is tiresome.
Until someone lifts the drains up and does a real review of everything, is open and honest and admits the problems we just get further into the Gloop."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
shortchanged wrote: »UK economy deteriorating, says BCC
Bunch of bloody pessimists!
More credible if it's negative?shortchanged wrote: »Fair play these people must think we're all mugs if we believe that there is growth in retail in these current market conditions.
Spin and bullsh*t springs to mind.
It must be hard to count everything as the above if it does not fit in with the way you see the world.0 -
Sorry Really2, you obviously didn't get the sarcasm in my first post.
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shortchanged wrote: »Sorry Really2, you obviously didn't get the sarcasm in my first post.
Just Playing.
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