Summary
THE UK's largest employers' organisation has said the downturn in the UK economy is worse than previously thought and warned of "uncomfortable" times ahead.
Business body CBI told members there was "no doubt that the mood has darkened in the last two or three months" and admitted its initial growth estimates were over-optimistic.See the full content of this document
Extract
We Were Too Optimistic, Admits Cbi
Richard Lambert, director general of the CBI, said in a let...
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