“Businesses and consumers have been warned that the outlook for the British economy remains “highly uncertain” despite the tentative signs of recovery.
Graeme Leach, chief economist for the Institute of Directors, issued the warning in a speech at the National Skills Academy for Financial Services in Norwich – adding “don’t believe anyone who says they know what will happen next year”.
Prof Leach said that governments in the past had kick-started the economy by reducing interest rates and increasing spending – but inter-est rates at the start of this recession were already at a historic low, and public spending needs to be cut.”
Taken from the article in the EDP, to read more click here.
To watch and listen to the speech again, click here