Friday, Jan 29, 2010
The ‘end of the recession’ in Britain? An honest debate about how to confront the malaise and restru
Spiked Online: UK plc: a 0.1% chance of success at this rate
Such was the official excitement about the much delayed ‘end of the recession’ in the UK this week that the government’s department of bean-counters – the Office for National Statistics – held their first ever live press conference to announce the figures for British economic output in the final quarter of 2009. Everybody expected that these statistics would finally show some growth, thus breaking the run of six consecutive quarters of shrinkage and technically ending the longest UK recession on record. There were rumours that the ONS might even announce growth of up to 0.5 per cent over the three months to the end of December.
Posted by c'mon correction @ 01:08 PM (591 views) Add Comment
1 Comment
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1. hpwatcher said...
I still don't think that the majority of people are really taking this recession that seriously; most either don't believe what they are reading or seem to think that the ''government will sort everything out'' - it's so weird.......
Perhaps that's why house prices continue to rise.....