UK economy 'not out of the woods'

There could be problems ahead for the UK economy if investment growth does not pick up. As consumer spending slows there needs to be another sector that will generate growth in the economy. Andrew Clare, financial economist at Legal & General, says: "While the UK economy has managed to get through the recent global downturn without experiencing a single quarter of negative growth, we are not out of the woods yet." According to Clare, one of the big disappointments with the UK economy in recent years has been the weak levels of investment growth. During the recent downturn, the Moneta...