In the Financial Times today, the head of the CBI, Richard Lambert, says that "Britain's economy is heading into much jumpier waters". The CBI have marked down its latest growth forecast to account for the deepening credit crisis and believe that the economy is unlikely to revive until the second half of 2009.
There are tough times in the year ahead ...and we will feel it. Not a great time either for Gordon Brown, who in my view, is still playing Chancellor as well as Prime Minister.
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