Page last updated at 10:26 GMT, Tuesday, 8 July 2008 11:26 UK

Recession 'looms' for UK firms

The UK faces a "serious risk" of recession, a survey of almost 5,000 small, medium and large businesses suggests.

The British Chambers of Commerce's (BCC) quarterly report found the credit crunch and rising costs had dented the most important sectors of the economy. John Moylan reports.


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