UK economy 'slowed considerably' in past few months, says report

The UK economy slowed "considerably" in the past few months, with job prospects and investment slowing and a "dismal" performance by firms in the service sector, a report showed today.

The British Chambers of Commerce (BCC) said the results of a survey of 5,000 firms showed "worrying" falls in exports as companies faced "serious" challenges in the coming year.