The good news is the UK is probably going to avoid a triple dip recession, but there’s always a downside and in this case it’s that any improvement in the country’s economy is going to be incredibly slow.
This is the prediction of the British Chambers of Commerce (BCC) anyway, which showed that while strong exports bolstered the service sector in the first three months of this year, we’re nowhere near to economic stability.
As the BCC itself says, we should not be satisfied with a “tortuous road to recovery” and the government in particular should not lay idle. Instead, it needs to work faster at implementing its growth strategies as outlined in last month’s Budget statement.
John Longworth, director general of the BCC, said: “These results provide a glimpse of the as-yet-distant sunlit uplands of recovery. Businesses up and down the country are working hard to drive the economy, create jobs and export, but they cannot accelerate this process alone.”
Posted by the Secret Businessman