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FURTHER BAD NEWS
30th January 2003, Page 37
30th January 2003
Page 37
Page 37, 30th January 2003
— FURTHER BAD NEWS
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• 30% of firms less optimist° than a ye ago—just 11% more optimistic.
• Unemployment up with the CBI predicting 42,000 job cuts in the first quarter of 2003.
• Investment in plant, machinery and equipment predicted to fall, although training expenditure up.
• Increased NI contributions will hit employers, says CBI.
• On top of all this, oil prices will rise because of problems in Venezuela and the prospect of war in the Middle East.
• Contact: www.cbi.orgaik.