LONDON - A British employers group demanded immediate action from finance minister Rishi Sunak after a record deterioration in business in the April-June period.
The British Chamber of Commerce said on Wednesday its quarterly survey of 7,700 firms found the share of companies reporting growth in sales was far below even the low point of the global financial crisis of 2007-08.
Prime Minister Boris Johnson promised on Tuesday to fast-track infrastructure investment and slash property planning rules. The spending announcement of 5 billion pounds amounted to around 5% of gross public sector investment last year, most of which had already been announced. However, Sunak has so far opted not to bring forward a major budget statement which is due in the autumn.
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