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| Version 0 | Version 1 |
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| Worst of the recession 'is over' | Worst of the recession 'is over' |
| (10 minutes later) | |
| The worst of the recession is over, according to the business group the British Chambers of Commerce (BCC), but talk of a recovery is premature. | The worst of the recession is over, according to the business group the British Chambers of Commerce (BCC), but talk of a recovery is premature. |
| Its report based on a survey of 5,600 companies found there had been "welcome progress" in confidence levels between April and June. | Its report based on a survey of 5,600 companies found there had been "welcome progress" in confidence levels between April and June. |
| But the BCC is still predicting that unemployment will reach 3.2 million by the middle of 2010. | But the BCC is still predicting that unemployment will reach 3.2 million by the middle of 2010. |
| It warned that the increase in confidence was fragile. | It warned that the increase in confidence was fragile. |
| "It is absolutely vital that the improvement in business confidence is nurtured," said BCC director general David Frost. | "It is absolutely vital that the improvement in business confidence is nurtured," said BCC director general David Frost. |
| "Our economy is based on confidence, and wealth-creating businesses need to know they will be given the freedom and flexibility to drive the UK out of recession and into a sustainable recovery." | "Our economy is based on confidence, and wealth-creating businesses need to know they will be given the freedom and flexibility to drive the UK out of recession and into a sustainable recovery." |
| He added that the proposed increase in National Insurance contributions in 2011 was a "tax on jobs", which should be scrapped. |