Britain facing serious risk of recession

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Britain facing serious risk of recession

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07-08-2008, 11:53 AM

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Britain facing serious risk of recession

The British Chambers of Commerce’s (BCC) quarterly report has suggested that a recession in Britain is looming with the credit crunch and soaring costs denting the most important sectors of the economy. The BCC said that activity in the UK services sector (which makes up for 75% of the UK’s economy) had slumped to levels not [...]

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