Business leaders have today suggested that there is a bleak picture with them suggesting that there was a “frightening deterioration” towards the end of 2008. The British Chamber of Commerce (BCC) who carried out the survey said that the results were the worst since it began in 1989. On the 23rd January official figures are set to confirm that the UK is in a recession. The recent closure of many large firms like Woolworths is a clear indication that the credit crunch is certainly taken grip and some of the UKs biggest firms are being affected.
People appear to becoming more concerned as the risk of redundancies and job loss emerge. However, although people are worried at this time figures have shown that Christmas spending was not down on last year. Let us know how recent events have affected you.
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