Recession may leave 2m unemployed - papers 18 Aug

The British Chambers of Commerce, which becomes the first business group to forecast that Britain would fall into recession, predicts that the economic slump will force unemployment to soar by between 250,000 and 300,000 in the next two to three years, adding that total unemployment of more than 2m could not be ruled out. This would take unemployment to the same level as the year that Labour came to power. The BCC said there was a possibility that the economy would shrink during two quarters before next March, pushing the country into a technical recession. It cut its forecast for econom...