BCC: Britain is now on brink of exiting the slump

BRITAIN is on the verge of exiting the recession according to a new survey from the British Chambers of Commerce (BCC). <br /><br />In its quarterly economic survey, the BCC data showed both manufacturing and services improving. Confidence was much improved across all sectors, although manufacturing saw a marked increase where confidence in turnover rose 34 points to 36 per cent &ndash; the highest level since the first quarter of 2008. Employment expectations also improved but still remain in negative territory.<br /><br />But the BCC said &ldquo;the improvement is not sufficiently strong to allow us to conclude without doubt that the economy has returned to positive growth&rdquo;.