Toughest quarter since recession

Britain’s quoted companies have endured their toughest quarter of trading since the recession, with the number of profit warnings reaching a two-year high in the first three months of the year, Ernst & Young warns this weekend. Soaring commodity costs, the new year VAT rise and the squeeze on consumer spending made it a tough start to 2011, said the accountancy firm, according to the Sunday Telegraph.

1 comment for “Toughest quarter since recession

  1. 18 April, 2011 at 13:28

    Isn’t the first quarter after Christmas always the toughest? Especially with the budget cuts, I imagined that it would be difficult.

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