'Voice of British business' reports UK on brink of recession

British Chamber of Commerce predicts GDP growth will fall to virtually zero over next two quarters, with below-trend level likely to be prolonged

The UK is on the brink of a technical recession while unemployment nears two million, according to a national business report published last week. The British Chambers of Commerce (BCC) published its quarterly economic forecast last Monday, highlighting ongoing doom and gloom for British businesses. It said companies are facing a very difficult two years and the UK is heading towards recession, giving a much more negative message than that issued in May. The organisation, often deemed the voice of British businesses, is pleading for an urgent interest rate cut to mitigate the dangers ...