Business leaders warn of economic relapse - papers

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Business leaders have warned of potential economic relapse and the threat posed by the soaring deficit as the Chancellor prepares his pre-budget report, reports the Independent.

Some of Britain's leading business organisations have warned the recovery will be fragile and soaring public borrowing threatens the UK's international credit rating. Britain, they say, runs a high risk of a "relapse" into recession next year. The Engineering Employers' Federation says that conditions in the British manufacturing sector have continued to improve, but that signs for a strong rebound in 2010 "remain elusive". Read more The Daily Mail reports about growing fears that 70,000 more Britons face paying the top rate of income tax under plans from Alistair Darling. Accordin...

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