UK economy 'treads water for six months' | This is Money

UK economy 'treads water for six months' | This is Money

Britain is mired in a 'mediocre and disappointing' recovery with the economy barely regaining output lost to the pre-Christmas arctic snap, a survey has found.

In a gloomy report published overnight, the British Chambers of Commerce warned that the government's austerity drive has acted as a 'worrying' drag on the UK's economic revival.
Despite a mini-boom in exports, confidence among manufacturers has slumped to levels last seen during the depths of the recession in 2009 because of 'sluggish' domestic demand, it found.