UK businesses not taking necessary steps to emerge from recession

Banks and businesses risk deepening and prolonging the economic downturn by sleepwalking towards this year's general election, according to the British arm of the Turnaround Management Association (TMA)

Banks and businesses risk deepening and prolonging the economic downturn by sleepwalking towards this year's general election, according to the British arm of the Turnaround Management Association (TMA).

The association said that whoever won the election, which has to be held by the end of May, tax increases and public spending cuts were certainties. But instead of getting busy preparing for the inevitable, the TMA had found that both the business community and the Government seemed to be

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