PM's Leadership Crisis May 'Tip Britain Into Recession

Business leaders have warned Boris Johnson that the crisis engulfing his government risks undermining business confidence and potentially tipping the UK into recession. Tony Danker, the director-general of the Confederation of British Industry (CBI), said he thought the UK could still avoid entering a recession in the coming months.

- Kate Devlin

But he warned: "There's a very simple chain of events, which is when business confidence is high, businesses invest and grow, recession is avoided. When business confidence falls, investment falls, and it is the only thing at the moment stopping us from recession. So anything that can be done to boost business confidence, to demonstrate that actually the government is incredibly serious and purposeful about growth will work. But if we have a summer of politics like we've had in the last week, that will undermine confidence."