Apr
08 UK economy facing serious risks
A report from the British Chambers of Commerce shows that a UK upturn is still on course, but the recovery is weak and the economy is facing serious risks.
The Q1 results are positive for the service sector, with most service balances now in positive territory and most showing improvements. The manufacturing results are disappointing, with many key balances worsening and still in negative territory. The Q1 manufacturing employment balance recorded a large decline, and moved significantly into negative territory. It is encouraging that most Q1 export balances improved, and they remain relatively strong for manufacturing.