Summary
SHARES were sent reeling today by evidence that rising interest rates and a strong pound are starting to put the brakes on Britain's economy.
The surprise slump in business sentiment was signalled by bosses' organisation the CBI. Its latest survey showed that during July confidence had slumped to its lowest since November last year, while the ability of companies to raise prices had weakened considerably.See the full content of this document
Extract
Gloomy View From Business Shakes Shares
The survey showed a sharp change in total business optimism and caught most economists on the hop.
The CBI was quick to point out that the survey did not signal an end to the manufacturing sector recovery t...See the full content of this document
Sponsored links
