Tuesday, Mar 17, 2009
We are truely uniquely placed
Times: UK recession will drag into 2010 as others recover, says IMF
Britain’s economy is set to keep shrinking well into next year, even after all or most of its leading competitors have begun to enjoy renewed growth, the International Monetary Fund will warn this week.
Posted by peter_2008 @ 11:29 PM (377 views) Add Comment
2 Comments
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1. japanese uncle said...
"Britain’s economy is set to keep shrinking well into next year",
should read
Britain’s economy is set to keep shrinking well into next decade.
Unless and until 1.5 trillion personal debt is repaid in full, there cannot and should not be full-scale recovery based on sound spending (= spending own money rather than borrowed money), which looks far far beyond. Artificial rigging of economy by yet another adding to debt, will make the eventual collapse even more apocalyptic. People must grow and learn.
2. Saywhat said...
I'm watching Sky News with the interview with the works and pensions minister. This bloke does not know anything, all he says is give me the details and I will look into it. Then he start talking down the interviewer because he asking him questions he has no answer to but which you would expect him to. What the does he do all day. I'm sorry but this country is buggered, I'm happy I made the decision to leave the UK.