Slowdown in business spending hitting UK growth, says accountancy body

ICAEW lowers its growth forecast for 2015 to 2.4% as companies appear reluctant to invest while uncertainty continues over the eurozone and the general election

UK companies are putting the brakes on investment spending, slowing the economic recovery amid concerns about the eurozone and general election, a business group has warned.

The government’s hoped for trade and investment-led recovery remains elusive, leaving Britain’s fortunes heavily dependent on the consumer, according to the Institute of Chartered Accountants in England and Wales (ICAEW).

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The Writer Automaton of Switzerland

Source: YouTube h/t Chonday

From Chonday:

A 240 year old doll that can write, a clockwork creation by Pierre Jaquet-Droz, a Swiss watchmaker. The doll is able to write any custom text up to 40 letters long, and it uses a goose feather to write, which he inks from time to time, including a shake of the wrist to prevent ink from spilling. His eyes follow the text being written, and the head moves when he takes some ink. You can view this doll in person at the Musée d’Art et d’Histoire of Neuchâtel, in Switzerland.

Chinese premier cuts country’s growth target

Li Keqiang warns ‘the difficulties we are to encounter in the year ahead may be even more formidable than those of last year’

China’s premier Li Keqiang cut the nation’s growth target to “around” 7% on Thursday, reiterating the need to pursue reform as development slows and the likelihood of tougher times ahead for the world’s second largest economy.

Systemic, institutional and structural problems have become ‘tigers in the road’ holding up development.

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