UK recession not certain, says BCC

A new recession in Britain "is not a foregone conclusion," said BCC director-general John Longworth, quoted in the poll of more than 6,000 businesses. But Longworth said action was "needed urgently" to tackle short-term stagnation and a lack of business confidence as a result of the eurozone crisis. The BCC report said one of the next two quarters would likely return negative growth in the UK. In terms of domestic orders, manufacturers reported their weakest domestic sales growth since Q3 2009, while orders fell at the fastest pace since the second quarter of that year. In the ...