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Economic News 'Hitting Confidence' in Cornwall

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Published by the Pirate FM News Team at 6:10pm 25th July 2012 (Updated 5:43am 26th July 2012)

Pirate FM has learnt figures showing Britain's economy has shrunk are hitting confidence in Cornwall.

The drop means the UK is in the longest double-dip recession since the Second World War.

But south-west business leaders have warned it could put the blocks on growing small companies.

Tim Jones from Devon and Cornwall Business Council, said: "Local businesses, most of those know their own market, and are quietly getting on with it. But for their suppliers, and things like access to finance, decisions that are made outside the area, clearly we are influenced by this sort of negative impression about the general trend in the economy.

"If we could just engender a little bit of confidence and start getting some positive news coming through, then I think we would see a big and much quicker pick up in the success and the profitability of local businesses, and more employment generated, more investment in those businesses."

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