BCC: Britain is now on brink of exiting the slump
BRITAIN is on the verge of exiting the recession according to a new survey from the British Chambers of Commerce (BCC).
In its quarterly economic survey, the BCC data showed both manufacturing and services improving. Confidence was much improved across all sectors, although manufacturing saw a marked increase where confidence in turnover rose 34 points to 36 per cent – the highest level since the first quarter of 2008. Employment expectations also improved but still remain in negative territory.
But the BCC said “the improvement is not sufficiently strong to allow us to conclude without doubt that the economy has returned to positive growth”.