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Uk Economy Is Headed For The Worst Of All Worlds
//UK economy had zero growth between July and September. One of the UK's leading business groups, the CBI said its latest company survey suggested "the economy is headed for the worst of all worlds"....A separate survey by the British Retail Consortium, which represents UK retailers ranging from Marks and Spencer to Tesco, suggested a "January spending squeeze on the horizon" for consumers.
It said "public confidence in the state of the economy took a nosedive" this month, according to its consumer sentiment survey.
With sales growth unable to keep pace, retailers will have no choice but to raise prices or cut costs – closing stores and freezing recruitment//
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Batten down the hatches.
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