Britain unlikely to enjoy recovery any time soon

The British government’s assertion that the economy was set to weather the global economic storm has already been tested by news that Germany, France and Japan have emerged from recession ahead of Britain. But figures on business spending and lending

29th August, 2009

The British government’s assertion that the economy was set to weather the global economic storm has already been tested by news that Germany, France and Japan have emerged from recession ahead of Britain. But figures on business spending and lending published last week have heightened expectations that the recovery will be long and painful.

The Office of National Statistics (ONS) reported a 10.4 per cent fall in business investment in the second quarter...

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