British Prime Minister David Cameron said Monday during a speech at the Confederation of British Industry's annual conference in London that "paralysis in the euro zone is causing alarm in the markets and having a chilling effect on economies in many countries -- including our own." But he added that there are encouraging signs, including rising retail sales, an improving export performance and that lending to small- and medium-size businesses in the U.K. was on the rise. Cameron said that addressing government deficits should be the first task in any recovery plan.
The CBI is an independent employers organisation.
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