Belfast Telegraph

Survey: bosses are pessimistic

By Alan Jones

Most business leaders believe the economy will get worse this year because of the eurozone crisis, the UK's budget deficit and rising unemployment, according to a study.

An Ipsos MORI survey of 100 company bosses - including chairmen and chief executives - found that fewer than one in 10 expected the economy to improve.

Niall Rae, of Ipsos MORI, said: "Despite the gloom, captains of industry are bullish about Britain as a base to do business."

Meanwhile, John Longworth, director general of the British Chambers of Commerce, said that a slowdown across the eurozone this year was "inevitable," but he also maintained that the UK had the potential to stage an economic recovery.