PREVIEW

... y house in Mayfair, the TV speaker's voice echoed in the background.

[...John Banham, Director General of the Confederation of British Industry, warns that most of Britain is now affected by a recession and that there is worse to come. The latest CBI prediction is also the gloomiest since 1980, the last time Britain was in recession. Fears of a recession have been growing across most of the world since the autumn of last year. However, Chancellor John Major denies that Britain is on the ...

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