The debt fuelled consumer boom and the UK service sector slump – this is lethal: Begbies confirms

Debt recovery specialist Begbies Traynor (BEG) has today issued data on the UK economy which should scare you shitless. The UK economy is not delivering real sustainable growth at all – we are just on a debt fuelled consumer binge, something a cynical Government is encouraging as we approach the 2015 election. The hangover will, I warn you, be dreadful. Begbies Q3 Red Flag report makes grim reading.

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