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24/12/2009
Warning over economic recovery |
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A cautious approach to business could have the effect of slowing down the sector's recovery after the recession, it has been predicted.
Chief executive of national enterprise network NFEA George Derbyshire said political events could have a major impact by limiting the translation of greater confidence into better economic performance.
"I'm worried that there is a lot of pre-election caution around, which is affecting investment and other sorts of decisions."
He added that there will be more public spending cuts to face up to after the election as well.
Such a situation could lead to more redundancies, which in turn could bring about employment tribunal claims if these are not carried out correctly.
Those with an employment dispute may wish to speak to employment lawyers in London about their situation.
The Confederation of British Industry predicted this week that the economy will only grow slowly next year, with unemployment peaking at 2.8 million in September.
Written by Pauline Adams
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