Brian Souter this week warned that Britain was facing a “thumping, enormous recession” when Stagecoach announced that it would be making redundancies across its UK rail businesses to take account of a fall in central London employment. But just how bad is it going to get? Nobody knows, not even Stagecoach’s chief executive. Asked how he viewed the expected unemployment rates to develop, he quipped: “If I could answer those questions, I would be running the country, not...
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