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Business bodies want to put a stake through the heart of the view that the UK economy resembles a "horror movie". Speculation persists over a possible recession A report by the Ernst and Young Item Club chief economist Peter Spencer predicted a difficult 12 months ahead, with unemployment rising and the government failing to meet its inflation targets. Sky News spoke to business organisations from across the country to see if they are really seeing a nightmare scenario unfolding in their areas. Dr Helen Hill, London Chamber of Commerce, Head of Policy and Public Affairs: "Media coverage is certainly not helping, but six out of ten firms in London are expecting economic conditions to worsen during the next 12 months." Jerry Golland, Institute of Directors, East Of England Regional Chairman: "You ask individual members and it's... [read full story]
