Tuesday, 7 July 2009

Worst of the recession 'is over' or maybe not

According to the British Chambers of Commerce (BCC) business group, but talk of a recovery is premature.

Its report, based on a survey of 5,600 companies, found there had been "welcome progress" in confidence levels between April and June.

But the BCC is still predicting that unemployment will reach 3.2 million by the middle of 2010.
It warned that the increase in confidence was fragile.

The manufacturing and service sectors both recorded improvements in the second quarter of 2009. Although manufacturing saw the greatest progress, the sector still remains in "a worse condition overall", the BCC said.

Or maybe not: From Auntie.

Lloyds to cut another 2,100 jobs

Sharp contraction for UK economy

Corus cutting 2,000 UK steel jobs

UK economy 'set to shrink faster'

Will somebody please make my mind up.

Angus

Angus Dei on all and sundry

Angus Dei-NHS-THE OTHER SIDE

No comments: