BCC: Poor private sector growth threatens UK recovery

The British Chambers of Commerce (BCC) has warned the UK economic recovery will remain fragile until the government places a greater emphasis on private sector growth.

In its quarterly economic survey, the BBC warned the economy is out of balance and is at serious risk of derailing because the private sector has failed to export enough goods and services. The BCC predicts growth in Q2 will be just 0.3%, as it takes the view the rebalancing of the economy towards net exports is not strong enough. David Kern, the group's chief economist, said the economy is facing serious risks from global headwinds, such as soaring debt levels in the eurozone, which means there is no room for complacency. "To minimise dangers of a setback, the government must im...