Freightening Deterioration For British Economy!!

Posted on CNBC: UK Recession May Be the Steepest in over 20 Years

The following passage...

• "Frightening Deterioration"
  
  Britain's economy has been particularly hard hit in recent months as banks around the world have reined in lending to repair overextended balance sheets.
  
  The British Chambers of Commerce urged the government to take "additional forceful corrective measures" as it warned that businesses were facing their toughest conditions in more than two decades.
  
  It said its quarterly survey of almost 6,000 firms showed a "frightening deterioration" towards the end of last year as sales, orders, investment, employment expectations, cashflow and confidence deteriorated at the fastest pace since the series began in 1989.

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