King admits UK is headed for recession

He made the admission at a dinner with business leaders in Leeds last night and today the reaction has been predictable.

Sterling’s being hammered by the dollar while the FTSE is down.

It’s almost an anti-climax, though, isn’t it?

We’ve been talking about the "R" word for so long; even though this is the first time King or anyone of his stature has admitted that it’s likely to happen, it seems a bit… empty.

What is it that they say about the way the world ends?Related articleA good time to be a part-time FDBuyout bosses call the bottom of the market"It’s too depressing here. I’m off to Vegas"

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