Tuesday, 22 December 2009

UK Still in Recession

Tucked away on the BBC website today is the news that Britain is still in recession:
The UK economy shrank by 0.2% between July and September, figures show.
Despite Alistair Darling saying in the 2009 April Budget (my emphasis bold):

And my forecast for GDP growth for the year as a whole will be –3 ½ per cent – in line with other independent forecasts.

But because of our underlying strength, the measures we are taking, domestically and internationally, I expect to see growth resume towards the end of the year.

Yeah, Merry Christmas Mr Darling, thanks for nothing!

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