Serviced offices may minimise damage of potential double-dip recession15th July 2010

A move to a serviced office could benefit businesses, as it has been suggested the UK is at risk of a double-dip recession.

Geoffrey Dicks, a senior official at the Office of Budget Responsibility, told the Treasury's Select Committee the coalition government's budget made a double-dip recession more likely.

Firms could find a move to a serviced office minimises the negative impact of the ongoing economic crisis.

Dr Howard Archer, chief European and UK economist for IHS Global Insight, suggested there is an increased risk of a double-dip recession since the coalition government took over.

"The fact that [the government] have announced extra fiscal tightening obviously does increase that risk. I don't think anyone would dispute that," he said:

He added the big concern for the UK is that there is a sharp fall in public sector employment.

According to figures from the Office for National Statistics, the current account recorded a deficit of £9.6 billion in the first quarter of 2010, equating to -2.7 per cent of GDP

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