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Fall in business investment highlights continuing pressures

21/08/08 | 10:28

Commenting on the preliminary business investment figures, published today by the ONS, David Kern, Economic Adviser to the British Chambers of Commerce, said:

"The fall in business investment in the second quarter of this year was worse than anticipated. It confirms that businesses are being forced to retrench in the face of the economic slowdown.

"Today's figures support the results of the BCC's Quarterly Economic Survey. The worsening economic pressures emphasise the need for the MPC and the Government to take the correct measures to counter the threat of recession."

Ends

Media Contacts:

Fiona Cunningham
Tel: 020 7654 5812
Email: f.cunningham@britishchambers.org.uk

Sam Turvey
Tel: 020 7654 5813
Email: s.turvey@britishchambers.org.uk

Notes to Editors:

The British Chambers of Commerce (BCC) is the National Voice of Local Business.
The BCC sits at the heart of a powerful nationwide network of Accredited Chambers of Commerce serving business across the UK, which employ over five million people.

Other related links: Quarterly Economic Survey
The British Chambers of Commerce Quarterly Economic Survey is the largest and most representative independent business survey of its kind in the UK.; Economic slowdown emphasising UK skills shortages
[21/10/08 12:35]

Commenting on John Denham’s announcement today that £350 million will be offered to small businesses to help boost staff skills

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